Surge in Electric, Hybrid Vehicles as India Sees shift in Mobility: Deloitte Consumer Study Says
India sees a shift in Mobility and now focuses on Electric / Hybrid vehicles, told in a study by Deloitte consumers.
As per the study, about 59 percent of the Indians have concerns about Pollution levels, climate change, and Vehicle emissions.
The main reason by the study has revealed that the interest of the consumers of the electric car is due to the availability of lower-cost fuel.
Highlighted Points
- Union Budget 2022 to 2023 includes the great push for green mobility.
- The study reveals that Indian consumers were willing to share the data.
- Most Indians are interested in such a subscription and about 70% of Indians are ready for it.
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Indian Consumers are willing to change their choice as of now they wanted to own electrified and hybrid Vehicles told as per the research of Deloitte’s Global Automotive Consumer study 2022.
It also told that one in every third Indian consumer has shown its interest in electric Vehicle and Hybrid technology. The segment of people who have such choice have the concern about the environment-friendly, self-manufactured, and sustainable solutions post-pandemic told in the annual report.
The research also included the concern of 59% of the people for the climate change, pollution levels, and gasoline diesel vehicle emission have the serious concern over them. The report also includes that the reason why people wanted a switch from the automobile sector is due to fuel cost, environmental consciousness, and a better driving experience, stated in a report.
The report also said that there is a push in the Union Budget of 2022 to 2023 to switch towards battery swapping and charging infrastructure. The report also said the budget has a great interest over green mobility.
Report said
“Riding on the crest of evolving customer need and disruptive innovations, the Indian automotive industry is going to witness a new era of growth. Our latest study delves deep into the changing consumer perceptions indicating a significant increase in the number of consumers, we are evaluating alternate power train options and this is likely to drive the growth of EVs (especially two and three Wheelers) in the country,” was stated in a report issued by Deloitte India partner and automotive leader Rajeev Singh added.
The report also witnessed a growth of subscription-based models to cater to the ever-evolving needs of millennials and GenZs with its flexible ownership ability.
The 70 percent of Indian consumers and Indian users have shown their interest in a subscription that allows access to different models of similar brands whereas 72 percent are interested in different brands which are manufacturing such vehicles, and some percent of consumers are interested in the preorder system of Vehicle.
