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 Electric Vehicles (FAME) scheme.
