Mumbai: Sales of hybrid cars and SUVs have grown at a faster pace, narrowing the market-share gap with electric vehicles (EVs). Hybrid electric vehicles (HEVs) are expected to see a 38% growth at 22,389 units, capturing a market share of 2.1% compared to EVs, which will see a slight decline of 0.2% to 27,242 units. Plug-in hybrids will grow by 13%, from a small base to 35 units, according to fiscal Q1 estimates by Jato Dynamics.Globally too, sales of HEVs and PHEVs have been accelerating…
Read More…