Leasing vs. Buying: What Works Best for Commercial EV Fleets in India?
The Indian electric vehicle (EV) ecosystem is accelerating fast, and for businesses managing commercial fleets, the decision between leasing vs. buying EVs has become more crucial than ever. As EV adoption gains momentum—driven by fuel savings, environmental mandates, and policy incentives—fleet operators are re-evaluating traditional vehicle ownership models. So, what works best for your commercial EV fleet—leasing or buying? Let’s break down the pros, cons, costs, and long-term implications of both to help you make an informed choice. 🚛 Understanding EV Leasing and Buying EV Leasing (Fleet Leasing) EV leasing involves paying a monthly or periodic fee to use the electric vehicles without owning them. The leasing company retains ownership, and you gain access to maintenance, insurance, and asset management services depending on the lease structure. EV Buying (Fleet Ownership) In contrast, buying EVs means you pay the full purchase price (upfront or via loan) and own the...