As India accelerates its shift toward cleaner and more affordable mobility, a comprehensive comparison of electric, petrol, diesel, and CNG vehicles has become essential. Drawing on recent government-led analyses and independent studies, this report sheds light on costs, environmental impacts, and long-term value. Ownership of an electric vehicle typically requires higher upfront spending. Entry-level EVs begin around ₹8 lakh for hatchbacks, rising to ₹15 lakh or more for SUVs. By contrast, petrol vehicles remain the lowest-cost option upfront, with CNG models adding ₹90,000 to ₹1.3 lakh over petrol, and diesel variants generally ₹1–1.5 lakh more than petrol equivalents( Statista , Price India ). Government incentives under FAME‑II and various state subsidies—such as in Delhi, Maharashtra, Tamil Nadu, and Uttar Pradesh—help narrow the cost gap. EV buyers benefit from lower GST (5% versus 28%), waived road taxes, and registration exemptions( Citizencareev ). In terms of running cost, ...