“I was always anti-hybrid,” the minister said, while noting that his assessment now shows plug-in hybrids take care of range anxiety and reduce fuel consumption.
14 Nov 2024 | 2608 Views | By Kiran Murali
Union Minister of Commerce and Industry Piyush Goyal said he was against hybrid vehicles. However, he seems to have had a change of mind now, with the plug-in hybrid vehicle's ability to reduce carbon emissions and address range anxiety.
“I was always anti-hybrid. I studied the model of plug-in ...
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Union Minister of Commerce and Industry Piyush Goyal said he was against hybrid vehicles. However, he seems to have had a change of mind now, with the plug-in hybrid vehicle's ability to reduce carbon emissions and address range anxiety.
“I was always anti-hybrid. I studied the model of plug-in hybrids where we can have the first 100 km on petrol-- it takes care of range anxiety and helps cut down petrol consumption by 90-95%,” Goyal said while speaking at an event organized by CNBC TV-18.
“When I assessed my own vehicle’s distance traveled, I could see only 1-2 days in a year when I travel more than 100 km in a car.” The minister said, while urging the industry to transition to electric vehicles from traditional petrol and diesel vehicles.
Goyal's comments come at a time when the automobile industry is witnessing a slowdown in the sales of electric vehicles, and hybrid-powered vehicles are picking up pace. Major hybrid car makers Toyota Kirloskar and Maruti Suzuki are also pushing the government to reduce the tax on hybrid vehicles.
There are primarily three types of hybrid vehicles – mild hybrid, strong hybrid, and plug-in hybrid. The plug-in hybrids, unlike the other two versions, have a larger battery and can be plugged into an external power source to recharge.
While sales of mild and full hybrid vehicles are picking up in the country, plug-in hybrid vehicles are yet to see significant traction in the market. There are no plug-in hybrid models available in the mass car market.
Recently, the Uttar Pradesh government removed road tax on strong hybrid cars, making such cars cheaper by around 10%, and there were media reports on the Karnataka government also considering cutting tax on hybrid vehicles.
Meanwhile, the government remains focused on driving sustainability and government schemes have been fuelling electric vehicle adoption in the country, Goyal noted.
“I have been monitoring the cost differential between the electric and ICE vehicles. Today, on a total cost of ownership, it just does not make sense to buy anything but an electric vehicle. It is the right time,” Goyal added.