Low penetration of electric cars in India? Hybrids may be the answer

In India, it's the hybrid market that Maruti Suzuki is understandably targeting

Surajeet Das Gupta New Delhi
Kia, EV, Electric Vehicle

EV penetration in both passenger cars and two-wheelers needs a boost if India wants to meet its aggressive green targets. Pure electric cars accounted for nearly 1 per cent (33,000) of 3.3 million car registrations in 2022. If hybrid electric cars sold last year (19,556) are included, the combined share of the two (e-cars and hybrid electric cars) would go up by only 0.5 percentage points in total car sales. 
Unlike many countries in Europe and some key markets like Japan and South Korea, India does not have a vibrant hybrid (petrol and electric) car market in its quest to make a direct transition from ICE to electric. 
Consider this: The share of battery electric vehicle (BEV) registrations in Europe (10 major countries) stood at 15.4 per cent (1.41 million) of overall passenger car registrations in 2022, according to PWC data. On the other hand, the share of hybrid electric cars stood at 23.9 per cent (2.18 million units). In countries

Also Read

Kia unveils EV9 concept electric SUV, Carens ambulance at Auto Expo 2023

Kia India retail sales up 33.27% in Aug, helped by consumer sentiment

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

No new launches in 2023; Kia India to consolidate gains: VP Hardeep Singh

How Kia turned out to be a 'sweet price band' for upper middle class

Statsguru: G20 puts the rising debt burden of poorer countries in focus

FinMin pushes PSBs to enhance procurement via GeM to Rs 10,000 cr in FY24

GDP growth seen below 5% in December quarter on a normalising base

India offers many tailwind opportunities in various sectors: McKinsey India

Health Ministry starts 'chintan shivirs' for drug regulators, policymakers

First Published: Feb 26 2023 | 10:40 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to