A Deloitte study has found that the ‘purchase intent’ for electric cars – percentage of respondents preferring an EV as their next vehicle – has reduced from 54% at the beginning of 2023 to 48% by October 2023. This is despite the fact that more electric cars were launched in India this year than hybrids – a trend that will continue into 2024.
As of December 2023, there were only five hybrid cars in the mass-market space (Honda City e:HEV, Toyota Urban Cruiser Hyryder and Innova Hycross, and Maruti Suzuki Grand Vitara and Invicto), but as many as 10 EV models (Tata Nexon EV, Tiago EV and Tigor EV, Mahindra XUV400, MG ZS EV and Comet EV, Citroën eC3, BYD Atto 3, Hyundai Ioniq 5, and Kia EV6).
