CV Raman On Hybrids: The market share of BEVs (Battery Electric Vehicle) is expected to be 15%, and 28% could come from ICE (Internal Combustion Engine) vehicles by the end of this decade, when the overall PV market volume is expected to cross 6 million units. The share of ICE PVs is projected to come down to 10% by 2040.
Are Hybrids Better Than EV: Majority of automakers are betting on electric vehicles (EVs); but a few carmakers are more inclined to hybrids. Automakers like Maruti Suzuki and Toyota believe alternative fuels are the future of India. Toyota has set an example where it prefers to stay low from the currently widely adapted technology for electric vehicles.
The event was attended by Union Minister for Science and Technology Dr Jitendra Singh, Homi Bhabha Institute chancellor Dr Anil Kakodkar, and former ISRO chairman A S Kiran Kumar.