Consumers prefer ₹10 lakh price tag for electric vehicles, 300km driving range

MUMBAI : Adriving range of 300km on a single charge, and a price tag of ₹10 lakh, among other factors, could tempt Indians to go for electric vehicles, a consumer survey said.

At this sweet spot of price and range, six out of 10 respondents were willing to switch to EVs if manufacturers were ready to buy back the vehicles at about 40% of the purchase price after four years of usage, the survey by advisory firm Deloitte said.

Over 3,000 people across age groups in tier-1 to tier 3 cities were surveyed in India for the ‘2020 Global Automotive Consumer Study”.