Battery Subscription - An Answer To The Subsidy Conundrum
The popular FAME subsidy - Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme was launched in India in 2015.
Are you aware of the latest battery subscription plan with electric scooters? The EV vehicles have now been upgraded to the vehicle with a battery subscription model, which is beneficial in numerous ways. Consumers can stay cost-effective and get rid of maintenance and replacement costs. But, above all, do you know the battery subscription model is the ultimate solution to the subsidy conundrum? As the subsidy days are soon going to end, adopting the Battery Subscription electric scooter will be the economical option for the consumers.
Subsidy Days May End Soon – Time To Adopt EV With Battery Subscription
The popular FAME subsidy - Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme was launched in India in 2015. It was introduced to promote electric scooters and three-wheelers. The FAME 2 subsidy, which is the second phase of this scheme, has an outlay of Rs 10,000 crore. Earlier, it was supposed to expire in 2022, but later the scheme was extended till March 2024. But now, the scheme has been extended four months till July 31, 2024.
Sooner or later, the subsidy days will end, so it is time to adopt a battery-subscription electric scooter. The government has helped us a lot with EV subsidies in order to promote EV adoption and save the environment. It is a great opportunity to support governmental initiatives by investing in the battery subscription model of EVs.
Lectrix EV has launched its newest electric scooter model, which starts at an unbelievable price of Rs. 49,999, and the battery subscription plan is Rs. 1499 per month with an introductory offer of Rs 999 per month. It is a smart and pocket-friendly option, which is the perfect answer to the subsidy conundrum. Therefore, you won’t face any difficulty purchasing a new electric scooter due to the subsidy limitation.
How Is An EV With a Battery Subscription A Lucrative Choice Compared to Petrol?
The new electric model is moving ahead to help the government in its ESG goals and consumers with its cost-effective aids. With its unbelievable price, it also comes with an unlimited battery warranty. This sets a direction towards easy adoption of electric mobility. It is way more economical than a petrol-driven vehicle.
The LXS EV model comes with a battery-as-a-service plan, which effectively reduces the upfront cost of purchasing the vehicle. Moreover, you will save huge amounts of money with total ownership costs – TOC. By adopting the Battery Subscription electric scooter model, you will save Rs. 1.5 lakh for over 5 years.
The TCO will be only Rs. 1.82 lakhs with LXS 2.0 with a battery subscription. But, on the other hand, the TCO of petrol-based vehicles will be Rs. 3.39 lakhs which includes the rising cost of petrol as per the global markets, service costs, etc. for 5 years, which is highly expensive. This is why electric scooters with a battery subscription are an economical approach to electric mobility without subsidy conundrum.
With this model, consumers just have to pay the fixed subscription price every month for battery usage. It will let them get rid of the initial upfront purchase, and they can save about 40% more in comparison to petrol-based scooters. Therefore, consumers will witness cost efficiency with this latest battery subscription plan. Therefore, it will be the best alternative as compared to ICE (internal combustion engine) vehicles.
What You Will Witness With Battery Subscription Electric Scooter Model?
LIfetime Battery Warranty – A vehicle without a battery comes with a lifetime battery warranty, so you do not have to worry about its lifespan.
Zero Maintenance and Zero Replacement Cost —The battery subscription model will require the company to take responsibility for maintenance service, while the users will eliminate battery replacement and servicing costs.
Fixed Battery Subscription Fee – The battery subscription monthly fee is fixed. Electric scooter owners have to pay for their use. It is unlike the petrol price which keeps on increasing day-by-day.
No cap on Kms travelled – Often consumers think that with subscription comes a cap, but with BaaS there is no cap on kilometres. A person can ride unlimited kilometres throughout his/her lifetime. Additionally, the electric scooter provides a range of 100 km* and a speed of 50 km/h.
40% Reduction in TCO – Electric scooter owners will experience a 40% reduction in their total cost of ownership with an EV without a battery in comparison to an ICE vehicle. It will be the most affordable option for EV owners.
Additionally you can get an exchange offer while buying the LXS EV. If you have an old ICE vehicle, you can easily buy this new model at an unbelievable price.
These are the benefits of a battery subscription model. Subsequently, they will allow you to eliminate the subsidy conundrum.
Final Thoughts
The adoption of electric scooters with a battery subscription plan will be the best investment ever. Even if subsidies are limited, you can still make an economical and reliable purchase with Lectrix EV’s latest model.
