Electric-vehicle (EV) adoption is reaching an inflection point in India, according to partner Timo Möller and coauthors. A McKinsey survey shows that most Indian consumers say they would opt for either a full battery EV or a plug-in hybrid when considering their next car. Top factors include effects on the environment, lower cost of ownership, and reduced engine noise.
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A pair of donut charts show respondents’ powertrain considerations for their next car as a percentage, with one chart representing India and the other, the global average. 69% of respondents in India plan to buy either a battery electric vehicle or a plug-in hybrid electric vehicle as their next vehicle, while the global average for the same is 57%.
Source: McKinsey India Mobility Consumer Survey, December 2022 (n = 1,199).
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To read the article, see “Consumers are driving the transition to electric cars in India,” September 14, 2023.