MG IM5 vs Petrol — Full Cost Comparison
Save ₹6.95 L over 5 years · Breakeven in just 229 months · 450 km range · 55 kWh
EV Cost/km
₹0.98
vs ₹7 petrol
Monthly Savings
₹7,224
vs petrol
Breakeven
229 mo
then pure savings
5-Year Savings
₹4.33 L
fuel alone
Year-by-Year TCO
| Year | MG IM5 | Petrol | Diff |
|---|---|---|---|
| Purchase | ₹55.00 L | ₹38.50 L | Petrol saves ₹16.50 L |
| Year 1 | ₹57.51 L | ₹42.01 L | Petrol saves ₹15.50 L |
| Year 2 | ₹60.01 L | ₹45.52 L | Petrol saves ₹14.49 L |
| Year 3 | ₹62.52 L | ₹49.03 L | Petrol saves ₹13.49 L |
| Year 4 | ₹65.02 L | ₹52.54 L | Petrol saves ₹12.48 L |
| Year 5 | ₹67.53 L | ₹56.05 L | Petrol saves ₹11.48 L |
Feature Comparison
MG IM5 vs Petrol Car — Is It Worth Switching to Electric?
The MG IM5 starts at ₹55.00 L ex-showroom, which is approximately ₹16.50 L more than a comparable petrol car at ₹38.50 L. However, the MG IM5 costs just ₹0.98/km to run vs ₹7/km for petrol — a 86% reduction in per-kilometer cost that quickly erases the upfront premium.
At 40 km of daily driving, the MG IM5 saves ₹7,224 every month on fuel. Add the maintenance savings of ₹4,354/month (EVs need no oil changes, fewer brake jobs, no exhaust repairs), and the total monthly advantage reaches ₹11,578.
The breakeven point — when cumulative savings equal the price difference — comes at approximately 229 months (19.1 years). After that, every month of ownership puts money back in your pocket. By year 5, the total cost of ownership stands at ₹67.53 L for the MG IM5 vs ₹56.05 L for the petrol equivalent.
Beyond cost, the MG IM5 produces zero tailpipe emissions (saving approximately 1752 kg of CO₂ per year), runs virtually silent, qualifies for Section 80EEB tax deduction (₹1.5 lakh on loan interest), and benefits from state road tax waivers and registration fee exemptions. The verdict: for most drivers covering 40+ km daily, switching to the MG IM5 is both financially smart and environmentally responsible.