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Title: Electric vehicles the right fit for India’s mobility needs: McKinsey
Source:The Economic Times
Date:16 August 2017

India has the potential to electrify as much as 40% of new vehicles hitting the country’s roads by 2030, said Mr Rajat Dhawan, a McKinsey & Co senior partner in India. Mr Dhawan endorsed the government’s drive to switch over to an all-electric fleet over the next decade. Hybrid vehicles can be an intermediate solution, as deficiencies in battery development most notably over cost and the distance an electric vehicle can travel on a full charge are addressed to make the technology more reliable. Leading automakers in India, including Maruti Suzuki, Hyundai Motor and Toyota Kirloskar Motor have been rooting for hybrid vehicles, terming it to be a “link” required for developing a local supplier base and building customer acceptance to move towards full electric vehicles in the future. Dhawan acknowledged hybrid technology as a “bridge”, but said electric vehicles were the apt “fit” to meet the mobility needs of the country.




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