Electric vehicles are being overtaken by hybrids by a mile in India. In sharp contrast to global trends, Indian customers prefer hybrid vehicles, which have a blend of combustion engine and electric motors, to pure-play electric cars that are powered entirely by batteries or BEVs. They like to settle for an intermediate technology and familiarise themselves with alternative fuel before going all out for EVs. Car companies, quick to recognise this trait, have been luring the Indian clientele with 51 new model launches of hybrids compared with just 29 for EVs in 2023. Can things change for EV?
