When is the Right Time to Invest in an Electric Vehicle Dealership?

If you are looking forward to investing in an electric vehicle dealership, then I will ask you to do it now. This is because the EV market is growing too fast with strong government support and increasing demand. Due to such demand, Tarmac Motors is offering authentic EV models, with the right guidance, and a dealership that only focuses on customer needs.

Why is the Demand for Electric Vehicle Dealerships Increasing?

The reasons why the electric vehicle dealership is on the rise are as follows:

• Increasing Environmental Concerns & Consumer Awareness: Nowadays, people in India are highly concerned about increasing pollution and the change of climate. This is the reason people are switching to electric vehicles. The EVs come with zero emissions and are considered the perfect replacement for petrol or diesel vehicles.
• Increasing Fuel Prices: Electric vehicles are becoming the first choice for people due to the increasing fuel prices. EVs make a greater economically attractive option, as they have lower operating costs per kilometre. It also needs very little maintenance compared to traditional fuel-based vehicles.
• Affordable batteries: The battery performance is top-quality nowadays, and the price is also decreasing steadily. This makes EVs easily accessible for thousands of buyers.
• Enhancing Market Size & Growth Potential: A few reports say that the EV market of India will increase more in the future, because two-wheeler usage is becoming a major segment.

Therefore, due to all these factors is boosting demand for EV vehicles is boosting too fast. For a dealership such as Tarmac Motors, this increase in demand is offering them more profitable opportunities to grow their sales, reach their target audience, and create a strong visibility in the EV market.

Related Government Policies & Incentives

Both the state and central governments are supporting the growth and implementation of EV vehicles in India. Thus, it is an encouraging step towards making a successful electric vehicle dealership. Let’s look at what the government has to offer regarding EV dealerships.

National-Level Subsidies: PM E-DRIVE & FRAME II

The central government has launched new subsidy schemes to increase the adoption of EVs in the entire country. Under these new schemes, the people purchasing electric two-wheelers, three-wheelers, and four-wheelers will receive direct incentives per battery capacity. Therefore, making these vehicles more accessible and cost-effective to a large audience.

GST Benefits & Decreased Taxes

EVs benefit greatly due to the decreased GST rate because it is much less than that of petrol/diesel vehicles. This then reduces the retail purchase of the vehicles. The price reduction makes them more affordable, allowing more customers to choose EVs over traditional vehicles.

Tax Exemptions & State-Level Benefits

Many states in India offer several perks such as registration fee exemptions, road-tax waivers, and scrappage bonuses after they replace their old vehicle with the new EV ones. Therefore, these state-level benefits boost the value proportion and make EV purchase easier.

Low Maintenance & Running Costs

The benefit of purchasing or selling EVs comes from the electric vehicle dealership. Due to this dealership, the operating cost and the maintenance charge are much less. The electric vehicles and e-scooters sold by Tarmac Motors are designed in a way that they require easy maintenance and lower operating costs. These benefits come due to the use of rechargeable batteries and fewer mechanical components.

• Fewer Moving Parts: Electric vehicles generally don’t include the complex parts like engine oil systems, spark plugs, exhausts, and multi-gear transmissions. They only consist of a very few moving parts, making it less chances of mechanical failure.
• No Oil Engine: EVs don’t include a combustion engine, so there is no need for oil change regularly, no need for oil filter replacement or exhaust maintenance. It then decreases recurring costs.

Conclusion

Investing in an electric vehicle dealership is a much better choice because it can provide you with long-term value, reduced risks, and good profits from EV technology, market, and government incentives.