BaaS lowers EV sticker prices but per-km fees may raise 5-8 year ownership cost

Tata, Hyundai, Maruti, Citroen and MG cut upfront EV prices via Battery-as-a-Service, but recurring per-km charges (Rs 2.3-5/km) plus minimum-usage clauses can push total ownership cost higher over five to eight years.

— Filed Sat, 11 Jul, 2026, 16:08 IST · Source ET Small Business · Updated

Battery-as-a-Service lowers EV upfront prices for Tata, Hyundai, Maruti, Citroen and MG models but recurring per-km battery payments and minimum-usage clauses can raise total ownership cost over five to eight years.