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Indian consumers concerned about residual value of EV battery: Survey

Public opinion growing in favour of EV as consumers want to save money on fuel: Deloitte

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3 min read Last Updated : Jan 17 2023 | 10:56 PM IST

At least 53 per cent of Indian consumers would opt for a gasoline or diesel engine vehicle for their next purchase as opinion slowly turns in favour of electric vehicles (EV), said a report on Tuesday.

Around 20 per cent of Indians are open to buying a hybrid electric vehicle and only 8 per cent will go for an all-battery powered electric vehicle (BEV), said Deloitte’s 2023 Global Automotive Consumer Study.

What is encouraging is that "the needle is shifting" towards adopting EV: the last survey found 5 per cent people preferred BEVs and the one conducted in September 2022 found the number had grown to 8 per cent. There was a dip in preference—from 58 per cent to 53 per cent—for gasoline/diesel engine vehicles from the previous survey year.