Digital Desk: The growth of electric vehicles (EVs) and hybrid vehicles in India is a positive sign for the country’s environment and economy. EVs and hybrid vehicles produce fewer emissions than gasoline-powered vehicles, which can help to improve air quality and reduce greenhouse gas emissions. Additionally, the growth of the EV industry in India is creating new jobs and opportunities for businesses.
India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed on Monday. Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR).
The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors. “Automotive original equipment manufacturers (OEMs) are focused on introducing electric vehicles with Level 2 advanced driver assistance systems (ADAS) that include helpful features like adaptive cruise control, lane centering, and automated lane changes,” said John Martin, senior analyst-smart mobility practice, CMR. Additionally, the use of intelligent and connected cockpits within vehicles is on the rise.
“These advancements are not only enhancing consumer safety but also promoting intelligent mobility and environmental sustainability,” said Martin. The remarkable growth in hybrid vehicle demand was driven by OEMs, including Toyota Kirloskar, Maruti Suzuki, and Honda Motors. Over 90 per cent of EV sales in Q2 2023 were equipped with smart connected features, and digital cockpits adorned around 15 per cent of hybrid vehicles, the report noted.
The growth of EVs and hybrid vehicles in India is expected to continue in the coming years. The Indian government has set a target of achieving 30% electrification of the country’s vehicle fleet by 2030. To support this target, the government is investing heavily in charging infrastructure and promoting the development of domestic EV manufacturing.