BRIDGING THE GAP
Business Standard|May 01, 2024
Why the surge of hybrid cars is being seen as an essential transition phase to electric
SURAJEET DAS GUPTA
BRIDGING THE GAP

Just over a year ago, the march of electric cars around the world seemed unstoppable. Sales were on an upswing and the general expectation was that they would soon dominate the passenger vehicle industry, supplanting internal combustion engines (ICE).

How things have changed.
In 2023, electric car sales slowed down and hybrid cars threatened to steal electric's thunder.

According to S&P Global, the penetration of all categories of hybrids has gone up from 9 per cent globally to 11 per cent in 2023 and is neck-and-neck with electric cars, though the latter are marginally ahead at 12 per cent, compared to 10 per cent in 2022.

In the United States, hybrid sales in 2023 were 1.4 million and overtook electric cars, which sold 1.2 million. Globally, sales of plug-in hybrids grew faster, going up by 43 per cent in 2023, compared to a 28 per cent increase for electric cars.

Plug-in hybrids have two engines and the electric part has a much larger battery than in the regular hybrids.

As the name suggests, plug-in hybrids require to be plugged into an electric socket to charge their battery. A regular hybrid gets its battery (smaller than in plug-ins) charged by the gasoline engine - the two complement each other -- and regenerative braking.

Plug-in hybrids in China grew by 85 per cent in 2023, while electric vehicles grew by 70 per cent. In India, the popular hybrids, such as Toyota Hyryder and Maruti Suzuki's Grand Vitara, do not require to be plugged in.

The global trend towards hybrids is now visible in India, where they are being seen as an essential bridge to EV land.

Diese Geschichte stammt aus der May 01, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der May 01, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Large order book, EV demand drive Sona BLW growth
Business Standard

Large order book, EV demand drive Sona BLW growth

Auto parts maker Sona BLW Forgings Precision reported strong revenue in the fourth quarter of financial year 202324 (Q4FY24) amid growing demand for electric vehicles.

time-read
2 Minuten  |
May 21, 2024
Jump in passive fund inflows on new launches, EPFO boost
Business Standard

Jump in passive fund inflows on new launches, EPFO boost

Passive funds attract ₹37,200 crore inflows in 2024

time-read
2 Minuten  |
May 21, 2024
Business Standard

Iran prez Raisi's death unlikely to impact Indian markets

Iranian President Ebrahim Raisi's death in a tragic helicopter crash is not seen as having a big impact on the domestic markets unless it leads to any escalation in geopolitical tensions, according to experts.

time-read
1 min  |
May 21, 2024
Gold and silver hit record highs on Fed rate-cut hopes
Business Standard

Gold and silver hit record highs on Fed rate-cut hopes

Gold surged to an all-time high, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year along with rising geopolitical tensions in the West Asia.

time-read
2 Minuten  |
May 21, 2024
FPIs exit BFSI, IT stocks in May's opening weeks
Business Standard

FPIs exit BFSI, IT stocks in May's opening weeks

FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension

time-read
2 Minuten  |
May 21, 2024
Delhi's peak power demand logs new May high of 7,572 Mw
Business Standard

Delhi's peak power demand logs new May high of 7,572 Mw

Northern states lead the national power demand as heatwave engulfs the region

time-read
2 Minuten  |
May 21, 2024
Business Standard

Tweaking the inflation targeting mandate

A key focus for the new govt should be to ensure wider consultation in setting inflation target

time-read
4 Minuten  |
May 21, 2024
Business Standard

Deconstructing India's national security system

In recent years, several books have been published on India's national security, but what makes this volume edited by Milan Vaishnav both unique and especially useful, is its comprehensive description and critical analysis of the institutional underpinnings of India's security policy.

time-read
3 Minuten  |
May 21, 2024
Business Standard

Infra visions in manifestos

Elections have never been won or lost solely based on voters reading manifestos! But it is a fact that think-tanks and policy cells of various political parties spend considerable time drafting their manifestos and getting them cleared by their political bosses.

time-read
4 Minuten  |
May 21, 2024
Iran President Raisi dies in helicopter crash
Business Standard

Iran President Raisi dies in helicopter crash

FOREIGN MINISTER, 6 OTHERS ON BOARD ALSO KILLED | MOKHBER TO BE INTERIM PRESIDENT

time-read
4 Minuten  |
May 21, 2024