How hybrids are reshaping India's green auto market
Subscribe to enjoy similar stories. India’s transportation sector is racing toward an electric revolution. Electric vehicles (EVs) are gaining momentum, fuelled by soaring fuel prices, government support, and aggressive green targets.
Billions of dollars are flowing into research, manufacturing plants, and charging infrastructure, building a robust EV ecosystem. By August 2024, nearly 30% of all passenger vehicle sales in India came from cleaner energy options like CNG, hybrids, and EVs, up from 25.8% a year earlier. While EVs grab the spotlight for their futuristic appeal and zero emissions, hybrid vehicles—especially strong and plug-in hybrids—are emerging as a compelling middle ground.
For consumers looking to reduce their environmental footprint without fully committing to EVs, hybrids offer an appealing balance. They provide improved fuel efficiency and lower emissions, while maintaining the convenience of traditional engines, making them a popular option for drivers seeking a mix of sustainability and practicality. Globally, hybrid adoption has been on the rise.
In China, the world's largest auto market, hybrid penetration has quadrupled from 5.3% in 2021 to 19.9% by mid-2024. South Korea has seen similar growth, with hybrid penetration rising from 11.8% in 2021 to 25.2% in 2024. Data from the Nomura Research Institute also indicates that other key markets, including Japan, the UK, France, and the US, have experienced a surge in hybrid adoption as consumers seek a middle ground between electric and traditional internal combustion engine vehicles.
In India, hybrid vehicle adoption remains modest but is growing steadily. Hybrid penetration increased to 2.5% in the first half of 2024, up from 2% in 2023. Although
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