Hybrid vehicles have emerged as a pivotal medium-term solution in India’s quest for cleaner transportation amidst the ongoing shift towards eventual electrification, according to a recent report by HSBC Global Research.
Highlighting their lower carbon footprint compared to electric vehicles (EVs), the report underscores hybrids as a crucial element in India’s decarbonisation strategy. Currently, hybrid cars exhibit significantly lower total carbon emissions (well to wheel) compared to both diesel and petrol vehicles, making them a compelling choice from both environmental and cost perspectives. The report states that hybrid vehicles emit approximately 133 g/km of carbon, marking a 16 per cent reduction compared to proportionate EV emissions, which currently stand at 158 g/km.
The convergence of emissions between EVs and hybrids may take between 7 to 10 years, contingent upon the growth of non-fossil fuel sources in India’s power generation mix. Currently, non-fossil fuels contribute 26 per cent to India’s power generation, with projections indicating a potential increase to 40 per cent by 2030. Even under this scenario, hybrids are expected to emit 8 per cent less carbon than EVs, underlining their continued relevance in the medium-term. The findings advocate for a balanced approach in India’s automotive sector, promoting hybrids as a bridge towards cleaner mobility solutions while infrastructure and technology for EVs continue to develop.
This strategic approach not only addresses immediate environmental concerns but also aligns with broader sustainability goals set by the government and industry stakeholders. As India navigates its transition towards a greener future, the role of hybrid vehicles as a pragmatic and effective solution is poised to play a pivotal role in shaping the country’s automotive landscape, ensuring a sustainable pathway to reduced emissions and enhanced air quality.
