Rules, input costs to make car ownership expensive in 4 yrs: Crisil study

ICE-powered vehicles to pinch more

Four years from now, whether you buy an electric SUV or an (ICE) internal combustion engine-powered SUV or two-wheeler, be ready to pay more. But unlike FY22 it isn't the EVs but the gasoline-run vehicles that will be heavier on the wallet, according to a cost of ownership study done by Crisil Research.

Buyers of electric SUVs would pay a premium of 11 per cent over the ICE SUVs by 2026 over the conventional gasoline SUVs. This would be against the minimum 23 per cent one paid at the end of FY22.

The study is based on the premise that