Indians show higher preference for hybrid than for pure EVs: Survey

The trend comes as a stark contrast for a market like India, where EVs and not hybrids are getting the massive subsidy push from policymakers under the FAME scheme

EVs, Electric vehicles, cars, automobile, charging, battery
Premium

Shally Seth Mohile Mumbai
An astounding 68 per cent of Indians--the second largest after the US (74)--will prefer the tried and tested internal combustion engine-powered vehicles as their next purchase. Interestingly, among the remaining 32 per cent who are open to buying an alternative fuel vehicle, a staggering 24 per cent prefer a hybrid as their next vehicle while only 4 per cent prefer a pure EV, according to a recent global survey conducted by Deloitte. This is the second-lowest, after the US, where only 16 per cent prefer EVs.  

The trend comes as a stark contrast for a market like India, where EVs and not hybrids are getting the subsidy push from the policymakers under the Faster Adoption and Manufacturing of Hybrid and

First Published: Jun 17 2021 | 6:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com