Pros and Cons of Buying an Electric Scooter (2024) 

4. Storage Space 

Unlike traditional bikes that do not provide any storage space, switching to an e-scooter makes sense if you require storage space in your vehicle. That is because these scooters have minimal mechanical parts, leaving ample space for storage. 

5. Lightweight 

Since these scooters have fewer parts and components, they are compact in size and light in weight. Hence, they are much easier to drive, handle, and park. That is why they are very popular among ladies and youngsters beginning to drive. 

6. Government Incentives 

The government provides several incentives for electric scooter purchases to encourage widespread acceptance. For instance, Section 80EEB of the Income Tax Act offers tax benefits on purchasing electric scooters and motorcycles on loan. 

7. Performance 

Despite their lightweight, no mechanical parts, and minimal components, electric scooters do not compromise performance. Their mileage, top speed, braking, and pick-up are as efficient as their mechanical counterparts. So, you don't need to worry about performance when buying an e-scooter. 

Also Read: Top 10 Electric Bikes in India 

Cons of Buying an Electric Scooter 

Everything comes with both pros and cons. So, it is beneficial if you understand the shortcomings of this purchase beforehand. It allows you to ensure that the e-scooter disadvantages do not outweigh the pros it offers. Here are some common disadvantages that e-scooter owners may face: 

1. Initial Investment 

Since electric two-wheelers are new entrants in the market and companies still need to manufacture them on a large scale, their production cost is significantly higher than that of mechanical vehicles. That is why their purchase price is higher compared to traditional scooters. However, you can easily cover up to 95% of its cost by borrowing a two-wheeler loan. 

2. Charging Time 

A petrol vehicle requires only a few seconds to fill the fuel tank. However, an electric vehicle requires a longer time to charge the battery. It can hinder your plans if you need to reach somewhere in a hurry and your scooter is low on battery. 

3. Battery Life 

Once damaged, an electric scooter's battery needs replacement. It lasts only a few years and is quite expensive. Therefore, the battery's low life is a considerable disadvantage. 

Also Read: Electric Scooter Vs Petrol Scooter - Which One Is Better for You? 

4. Weather Dependency 

Power cuts are common in India during extreme winter, summer, or rainy weather conditions. This makes it challenging to recharge the scooter's battery when necessary, making you completely dependent on the electric supply for a hassle-free travelling experience. 

5. Lack of Infrastructure 

Since electric vehicles are relatively new in India, there is a lack of infrastructure for these scooters. While petrol stations are available at a distance of every few km, e-scooter charging stations are not that easily available. Moreover, you may find it challenging to find a repair centre or spare part dealer when required. 

6. Weight 

Electric scooters are lightweight, making them easy to handle. However, their lightweight proves to be a disadvantage in case of a collision. Their light body usually cannot bear the hit and gets severely damaged even in a small accident. 

Also Read: Top 6 Budget Friendly Electric Scooter 

How does Hero Fincorp Two-Wheeler Loan Help you Buy an Electric Scooter? 

If you have decided to purchase an electric scooter after understanding its pros and cons, a Hero FinCorp two wheeler loan can be your best funding partner to the purchase. Here is how it helps: 

• Ample loan amount to purchase an electric scooter 

• A higher LTV ratio of up to 95%, thus reducing the requirement for a down payment to a mere 5% 

• Competitive interest rates that do not increase the scooter’s cost significantly 

• Easy repayment in flexible terms you may choose according to your budget 

• No collateral is required, as the scooter itself becomes the security 

Also Read: What Is The Future Of Electric Scooters In India? 

Steps to Apply for a Two-Wheeler Loan Online to Buy an Electric Scooter 

Do you want to enjoy the benefits of e-scooters by purchasing one with a two-wheeler loan? Here is a stepwise two-wheeler loan application you must follow at Hero FinCorp: 

Step 1: Visit the Hero FinCorp website or download the loan app. 

Step 2: Reach the two wheeler loan section. 

Step 3: Scroll down and click ‘Apply for a loan’. 

Step 4: Enter the necessary details. 

Step 5: Choose the Hero MotoCorp bike dealership from where you want to purchase the e-scooter. 

Step 6: Agree to the ‘terms and conditions’. 

Step 7: Click on the ‘Apply’ button. 

Also Read: Best Electric Bike or Scooter in Chennai 

Conclusion 

Now that you know both the advantages and disadvantages of electric scooters, you must have noticed that the benefits of e-scooters far outweigh the cons. After this analysis, it is clear that the disadvantages of electric scooters are easily manageable, and there are ways to overcome them. Additionally, if you are planning to purchase an e-scooter and lack funds, a two-wheeler loan from Hero FinCorp can help you. You can get a loan of up to Rs 3.5 lakh, which you can repay over a tenure of up to 60 months and the interest rate starts from 14%. By opting for an e-scooter, you not only contribute to a cleaner environment but also enjoy the convenience and affordability they offer. 

Also Read: Top 10 Electric Scooters In India 

Frequently Asked Questions 

1. Is electric scooters risky? 

An electric scooter has a light body and fewer mechanical parts. That is why it is easy to get damaged during a hit. However, its light body also makes it easy to handle and escape. 

2. How much does an electric scooter cost? 

The electric scooter cost depends on the brand and model. However, it is usually higher than a mechanical scooter with similar specifications. 

3. Can I ride an electric scooter in the rain? 

Yes, riding an electric scooter in the rain is no problem. However, avoid entering large puddles of water to prevent water from entering the critical components. 

4. Can I replace the battery in an electric scooter? 

While battery replacement is easy, it can cause damage, electrical hazards, and a void warranty if not done properly. Therefore, you must get it done with a professional to stay safe. 

5. How far can an electric scooter go on a single charge? 

An electric scooter’s riding range on a single charge depends on its battery capacity. If the battery is in optimal condition, it usually covers 70-90 km on a single charge. 

Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any purchasing decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.