The Economics of Electric Scooters: Cost Savings and Financial Benefits

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The Economics of Electric Scooters: Cost Savings and Financial Benefits

No doubt there are many advantages of commuting by Electric Scooters-be it from the perspective of the Environment or Health or any other, but one of its major benefits is Cost Efficiency.

Simply put, using an Electric Scooter in Nepal can be a huge boost to your wallet and if you’re someone in the middle-income bracket or lower-income bracket, you can start saving a considerable amount of money.

Owning an E-bike can help you save cost on all 3 different aspects: Running Costs, Maintenance Costs, and Costs on Taxes.

Economics of Electric Scooter

 

Running Cost:

With the prices of Petrol and Diesel ever-increasing, by switching to an Electric mode of Commutation, you don’t need to worry about the pain that fuel puts in your pocket.

Although EV drivers who charge at home will likely see an increase in their electricity bill, they will likely save a considerable amount of money overall by not having to pay for gas.

Using an Electric Scooter like Komaki SE, you can get your Running Cost as low as Rs.0.22 per liter.

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Maintenance Cost:

Electric Scooters are also very less expensive to maintain because they have far fewer mechanical components. Electric Scooters have an electric motor instead of an internal combustion engine, and it also doesn’t have Exhaust pipes. And those are the two major parts, of Gas-Powered vehicles, that require the most maintenance.

Economics of Electric Scooter

Other than that, Electric Scooters don’t require both Servicing and Changing Mobil like Gas-Powered Scooters.

According to a 2020 Consumer Reports study, EVs cost half as much to maintain as gas-powered vehicles.

*Depending on the brand of scooter and the model

 

Cost on Taxes:

Along with the cost saving on rides, an EV user can also get financial benefits on the part of Tax too.

From the fiscal year 2079–2080, the Nepali government imposed a new tax rate on electric and Fossil Fuel powered automobiles. According to this, the taxes on Electric Vehicles was significantly lower than Vehicle Tax for cars powered by gas. 

Electric Vehicles Tax

Watt Province 3 (Tax Rate)
350W-1000W Rs. 2000
1001W-1500W Rs. 2500
Above 1501W Rs. 3000

 

Fossil Fuel Bikes and Scooter

CC Province 3 (Tax Rate)
Up to 125cc Rs. 3000
125cc to 150cc Rs. 5000
150cc to 225cc Rs. 6500
225cc to 400cc Rs. 11000
400cc to 650cc Rs. 20,000
Above 650cc Rs. 30,000

It’s important to note that the exact savings will vary depending on various factors, including your local electricity rates, the distance you travel, and the specific electric scooter model you choose. However, electric scooters are often more cost-effective compared to traditional fuel-powered vehicles.

And by using an Electric Scooters like the ones of Komaki, you can save even more money as most of the Komaki Model gets fully charged on about 2 units/charge and offer an incredible range, and to go along with that, it requires the least amount of Maintenance.

Switch to Komaki and start making more savings. 

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