As India moves toward eventual electrification, hybrid vehicles are a practical medium-term solution to the country’s decarbonization drive, according to a report by HSBC Global Research.
Currently, total carbon dioxide emissions (well-to-wheel) from hybrid vehicles are lower than electric vehicles (EVs), and it could take 7 to 10 years for EV and hybrid emissions to converge.
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“Hybrid is important not only from a cost of ownership perspective but also for India’s decarbonization drive,” the report said.
He said hybrids are far less polluting than EVs, saying: “The total carbon dioxide emissions, or well-to-wheel (WTW), from EVs are currently 158 g/km, compared to 201 g/km for diesel and petrol. 176 g/km and 133 g/km,” it added. g/km for hybrid.
It added that this means hybrid cars pollute 34%, 25% and 16% less than diesel, petrol and proportional EVs respectively.
Total emissions include both vehicle emissions (tank-to-wheel (TTW)) and emissions from crude oil extraction, refining and power generation (well-to-tank (WTT)), according to the report. .
In the case of EVs, only emissions from electricity generation are incorporated, not emissions from coal production, which would further skew the equation in favor of hybrids, it added.
The report states that “it could take seven to 10 years for EV and hybrid emissions to converge,” and that non-fossil sources currently account for 26% of India’s electricity generation (as of FY2023). He said that India’s combined emissions from power generation are 716g/litre. kilowatt hour.
The report said that if India’s non-fossil power generation increases to 44%, total emissions from hybrid cars and EVs will converge, adding, “HSBC estimates it could take seven to 10 years, but other Most estimates are equal to or lower than this.” ”.
“By 2030, even if India’s non-fossil fuel share were 40%, hybrid vehicles would emit 8% less than EVs, down from 16% today,” the report said. It is said that
While EVs are inevitable in the long term, the HSBC report says, “We believe India needs to embrace hybrids as a credible and realistic roadmap to full electrification over the next five to 10 years.” “It has said.