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ARTICLE · 01 MAY 2025

Future Of Hybrid Electric Vehicles In India

Ernst & Young
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Hybrid vehicles may be the practical bridge India needs as its EV ecosystem evolves.

IndiaTransport
Srihari Mulgund
Srihari Mulgund
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Hybrid vehicles may be the practical bridge India needs as its EV ecosystem evolves.

In brief

  • Globally, hybrid vehicles have gained popularity over EV rivals, due to still higher prices of EVs. In the US and EU hybrid vehicles (plug-in and non-plug-in variants combined) outsold EVs in CY24
  • Hybrid vehicles serve as a potential solution to meet stringent emission norms and consumer needs for cost-effective transportation.
  • In India, the high GST rates on hybrids make them less financially viable compared to EVs.

Overview and global trends

Hybrid vehicles hold a unique position in the market, appealing to consumers who remain hesitant to fully transition to EVs due to concerns over range, infrastructure, or cost. Hybrids provide improved fuel efficiency and lower emissions compared to traditional internal combustion engine (ICE) vehicles, while offering more range and convenience than current EVs, particularly in regions with underdeveloped charging

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