A cheap diesel-electric hybrid car could save you from a trip to the gas station, and it will cost you about half as much as an electric vehicle.
That is the conclusion of a report by consultancy firm TechnoMetrics India.
In its analysis, the firm said the new fuel-economy standard could boost the number of Indian motorists by nearly 2.6 million in the next three years, which would be enough to boost India’s Gross Domestic Product (GDP) by around 4 percent.
The report was published on Wednesday by the Financial Times.
The report also suggested that the government could consider using hybrid vehicles in India.
A report by the Ministry of Road Transport and Highways (MOTHS) said in 2017, a total of 1.7 million hybrid vehicles were registered, which amounted to about one-third of all the vehicles registered.
The government has promised to build more than 50,000 hybrid vehicles to meet the demand for electric cars, according to the MOTHS report.
The government has already invested more than Rs3,000 crore in new EV-capable vehicles.