Hybrid Vehicles Market Surpassed Electric Vehicles: A Growth of 27%

September 12, 2024September 12, 2024 by vikas.sinha21

Introduction:

Hybrid Vehicles:

The hybrid Vehicles market in India is ahead of any other alternative fuel vehicles and surpasses electric vehicles. The popular model Toyota Innova Hycross and Grand Vitara Hybrid, are practical and eco-friendly options for customers and driving a surge in hybrid car sales.

Toyota has emerged as the largest hybrid electric vehicle brand in India.

Fig: Schematic diagram of Hybrid Vehicles

Toyota has emerged as the largest hybrid electric vehicle brand in India.

When the BEVs (battery-electric vehicles) face challenges in the market, the HEVs (Hybrid electric vehicles) are experiencing remarkable growth in India. The JATO Dynamics data says that the sale of hybrid cars increased by 27% from January to July 2024 and reached 51897 units as compared to the 40811 units during the same period last year. This surge highlights a growing acceptance of hybrid vehicles among Indian consumers.

The rise in hybrid vehicle sales is largely attributed to the popularity of strong hybrids, or HEVs, which saw a 27.1 percent increase in sales to 51,832 units from 40,773 units last year. Strong hybrids combine a conventional internal combustion engine (ICE) with a battery-powered electric motor, allowing them to run on both petrol or diesel and electric power. Unlike mild hybrids, which use a smaller battery to assist with electrical components and provide a minor boost during acceleration, strong hybrids can operate solely on electric power. In addition to strong hybrids, mild hybrids also contributed to the growth in hybrid vehicle sales. When mild hybrid electric vehicles (MHEVs) are included, the total sales of hybrid vehicles reached 2,90,912 units in the first seven months of 2024, up 13 percent from 2,56,075 units in the same period last year.

Sales by Powertrain in India as Per JATO Dynamics Report:

Powertrain Type	January–July 2023	January–July 2024	Growth
Internal Combustion Engine Vehicles(ICEVs)	17,25,581	18,37,164	6.50%
Mild Hybrid Electric Vehicles(MHEVs)	2,15,264	2,39,015	11.00%
Battery Electric Vehicles(BEVs)	49,028	54,118	10.40%
Hybrid Electric Vehicles(HEVs)	40,773	51,832	27.10%
Plug-in Hybrid Electric Vehicles(PHEVs)	38	65	71.10%
Grand Total	20,30,684	21,82,193

Source: JATO Dynamic India

Advantages of hybrid Vehicles:

Several factors contribute to the increasing popularity of hybrid vehicles in India. The Managing Director of JATO Dynamics, Ravi Bhatia, explains that hybrids balance cost and eco-friendliness. “Hybrid cars are witnessing a major acceptance because of the lower initial cost than full EVs. While there are fuel efficiency benefits without range anxiety, these vehicles are compatible with existing infrastructure”.

Breakup of the passenger Vehicles PIE

Powertrain Share-India.

Powertrain Type	January–July 2023	January–July 2024	Change
Internal Combustion Engine Vehicles(ICEVs)	85%	84.02%	-0.80%
Mild Hybrid Electric Vehicles(MHEVs)	10.60%	11.00%	0.40%
Battery Electric Vehicles(BEVs)	2.40%	2.50%	0.10%
Hybrid Electric Vehicles(HEVs)	2.00%	2.40%	0.40%
Plug-in Hybrid Electric Vehicles(PHEVs)	0.00%	0.00%	0.00%
Grand Total	100%	100%

Source: JATO Dynamic India

When asked why automakers are sharpening their focus on hybrids, Mr. Bhatia, M.D of JATO Dynamics, explained that there is a balance of eco-friendliness and practicality with hybrids, as, “There are fuel savings without complete dependence on electricity and also because of familiarity with traditional powertrains. Above all, there is a lower perceived risk than full EVs.”

Industry players claim that tax registration waivers on hybrids in states like Uttar Pradesh, etc., are helping the rising footfalls at dealerships.

On the other hand, Battery Electric Vehicles (BEVs), saw the growth rates decline over the last few months. The total number of BEVs went up by just 10 percent during Jan-July on a YOY basis at 54,118 units as compared to 49,028 units during the same period last year, JATO Dynamics India data showed.

According to Bhatia, Hybrids are outpacing BEVs due to the lower barrier to entry for consumers, easier integration into existing lifestyles, and reduced dependency on charging infrastructure. “It is serving as a bridge technology for cautious adopters,” he noted.

Market dynamics and automaker strategies:

Hybrid vehicles’ success in India encourages automakers to expand their offerings in this segment. Over the last few years, many affordable hybrid models have entered the automobile market, including the Honda City Hybrid, Toyota Urban Cruiser Hyryder, and Maruti Grand Vitara Hybrid. The prices of these models are very competitive to make them accessible to consumers.

The Indian automakers are now preparing to promote a new trend of hybrid vehicles in the price range of Rs 15-25 lakh. The major Indian Car manufacturer Maruti has developed and introduced hybrid versions of their popular models Swift and Fronx. Even Kia launched its Kia Carnival hybrid, Toyota launched the Fortuner hybrid and Hyundai launched its Hyundai Kona hybrid models. These launches are expected to boost hybrid vehicle sales in India.

Toyota Kirloskar Motor (TKM) has emerged as a leader in the domestic hybrid electric vehicle market (HEV) market. As of now, in 2024, The Company TKM has sold over 50,000 units of its hybrid models, including the Innova Hycross, Urban Cruiser Hyryder, Camry Hybrid, and Vellfire. The Innova Hycross and Urban Cruiser Hyryder are the top-selling models, with 30,505 and 21,737 units sold respectively, until the first half of 2024.

The Executive Vice President, Mr. Vikram Gulati, of Toyota Kirloskar Motor(TKM), has said that with the existing market sentiments, we are confident of maintaining the growth momentum.

TOP-SELLING HYBRID VEHICLES MODELS IN 2024:

Brand	Model	CY 2023	CY2024 (YTD)
Toyota	Innova	39539	30505
Toyota	Urban Crusier Hyrider	24872	21737
Maruti Suzuki	Grand Vitara	15171	6111
Maruti Suzuki	Invicto	3388	1975
Toyota	Camry	1819	1324
Honda	City	1983	657
Toyota	Vellfire	565	478
BMW	XM	112	64
Land Rover	Defender	9	2
Land Rover	Range Rover	17	2
Land Rover	Range Rover Sports	1	2

YTD Stands for Year-To-Date, CY Stands for Calendar Year
Source: JATO Dynamics India

The Indian Leading Car manufacturer Maruti Suzuki is also focusing on expanding its hybrid vehicle portfolio. As per the JATO Dynamics Report, the company sold 6,111 units of hybrid version of the grand Vitara and 1975 units of the Invicto in the first half of the year 2024.

The country’s largest carmaker proclaimed that it managed to see a 62.47 increase in its total strong hybrid car sales at 23,394 units during the April-June 2024 period as against 14,399 units in same period last year.

Honda Cars India Ltd (HCIL) has also made significant strides in the hybrid market with the introduction of the Honda City e: HEV by selling 1,953 units of this model last year and 657 units YTD. Honda Cars India Vice President (Marketing & Sales) Kunal Behl stated that the hybrid version of the City accounted for 11 percent of total City sales last year and has already increased to 13 percent this year and the company plans to continue developing both hybrid and electric powertrains as part of its future product lineup.

Challenges and future outlook:

Whereas hybrid vehicles are gaining traction, the battery-electric vehicles (BEV) market is undergoing slower growth. From January to July 2024, the BEV sales increased by just 10 percent, reaching 54,118 units compared to 49,028 units in the same period last year.

Mr. Bhatia, M.D of JATO Dynamics says that hybrids are currently outpacing the BEVs due to their lower entry barriers, easier integration into existing lifestyles, and reduced dependency on charging infrastructure.

Maybe in the coming years, fully electric vehicles will take the lead with the infrastructural improvements, and if the government special incentives to promote battery electric vehicles. But as of now, the hybrids are leading in the Indian Market

The Best Tesla Alternative Electric Vehicles In 2024.

August 28, 2024August 21, 2024 by vikas.sinha21

Introduction:

In the electric vehicles car market, many other great electric vehicle options have hit the market.

Electric Vehicles, loaded with various features and impressive ranges, like the Hyundai Ioniq 6, Kia EV6, and Chevrolet Blazer are hitting the electric vehicle market with attractive deals and financial offers.

TESLA:

Tesla is the largest electric vehicle seller in the U.S. market. Still, some other best alternative manufacturers and models are also available to give tough competition to the leading EV manufacturer Tesla.

At the beginning of the EV era, Tesla was leading the other manufacturers, but now it does not have as big a lead over its competitors. Though its EVs are still among the best, competing automakers have trapped up and have even surpassed Tesla in some areas.

12 Rivals of TESLA Electric Vehicles is different Technical Aspects:

1. BMW i4 electric vehicles:

The BMW i4 is the main rival of the Tesla Model 3.

# The cost of the single model i4 e-drive 35 is $52,200.

# The sprint time of this model is the same as that of the base model 3

# The range is up to 276 miles.

The longest-range model is the dual-motor $61,600 i4 xDrive 40, with a claimed EPA range of up to 307 miles and an acceleration time of 4.9 seconds.

Specifications at a glance of BMW i4:

# BMW i4 offers:

Power: 536 hp

Sprint Time to 60 mph of 3.7 seconds.

2. Hyundai Ioniq 6 electric vehicles:

Hyundai Ioniq 6, is launched with an aerodynamic shape and looks like a pebble- a design that seems to split opinions.

The new Hyundai and Kia EVs are coming with an E-GMP platform. This platform runs on 800 volts, which makes the car quick to charge and efficient.

The cost of the Ioniq 6 starts at $ 37,500 and can give 240 miles of range from its 53-kilowatt-hour battery and just 150 horsepower from a single rear-mounted electric motor. It achieves 0 to 600 mph in around 805 seconds.

The variant SE of Ioniq 6 costs $ 42,450 and delivers a range of 361 miles & quick acceleration with 225 horsepower and a bigger battery of 77.4 kWh.

Specifications At a Glance of Hyundai Ionoq 6:

# Hyundai Ioniq 6 base Model:

Cost: $37500

Range: 240 miles

Battery: 53 kilowatt- hour

Power: 150 horsepower

# Hyundai Ioniq 6 SE Model:

Cost: $42450

Range: 361 miles

Battery: 77.4 kilowatt-hour

Power: 225 horsepower.

3. Polestar 2 Electric Vehicles:

The Polestar is one of the bigger rivals of the Tesla Model 3, which was launched in 2020.

The single-motor, 299 hp model Polestar costs $49,900. Its sprint is 60mph in 5.9 seconds and its range is 320 miles.

The dual motor all-wheel drive polestar of 421 hp power and 276 miles range costs $55,300.

Specifications At a Glance of Polestar:

# Polestar Single-motor Model:

Cost: $49,900

Range: 320 miles

Power: 299 horsepower

# Polestar Dual-motor Model:

Cost: $55,300

Range: 276 miles

Power: 421 horsepower.

4. Hyundai Ioniq 5:

The Hyundai Ioniq 5 is built on the same E-GMP platform as the Ioniq 6. The Ioniq 5 is the rival of the Tesla Model Y.

Specifications at a Glance of Hyundai Ionoq 5:

# Hyundai Ioniq 5 base Model:

Cost: $41,800

Range: 220 miles

Power: 168 horsepower.

5. Kia EV6:

The Kia EV6 is very similar to the Ioniq 5 and Ioniq 6 in terms of mechanical properties.

Its unique look is like the hi-tech rally car. It offers a more dynamic driving experience compared to its Hyundai counterparts.

Specifications at a Glance of Kia EV6:

# Kia EV6 base Model:

Cost: $43,000

Range: 232 miles

Battery: 58 kilowatt-hour

Power: 168 horsepower

# Kia EV6 Advanced Model:

Cost: $45,590

Range: 310 miles.

Power: 225 horsepower

Battery: 77.4 kilowatt-hour

# Kia EV6 Long Range AWD Model:

The long range AWD model adds a second motor on the front axle which gives 320hp in combination. Its range drops to 282 miles.

Cost: $49,850

Range: 282 miles Power: 320 horsepower.

6. Ford Mustang Mach-E:

The Ford Motor is manufacturing one of the more fun to drive electric crossovers, the Mustang Mach-E. It’s interior is very impressive and coming with a decent Range.

Specifications at a Ford Mustang Mach-E:

# Ford Mustang Mach-E base Model:

Cost: $41,990

Range: 250 miles

Battery: 58 kilowatt-hour

Power: 267 horsepower from a single rear-mounted electric motor

To upgrade for extended range of battery pack, it costs $45990 for a range up to 320 miles.

The drive unit gets more power to compensate for the heavier battery and still delivers a similar 6.1-second benchmark sprint time.

The Rally model Ford Mustang Mach-E, gives more power and allows you to have fun sliding around a dirt road at a vehicle cost of $60.900 only.

7. Chevrolet Equinox EV:

The Chevrolet Equinox EV is very much liked drive in most of the first drive experiences. It is normal in drive with breadth of capabilities.

Specifications at a Glance of Chevrolet Equinox EV:

# Chevrolet Equinox EV base front-wheel-drive Model:

Cost: $34,995

Range: 319 miles on a single charge

# Chevrolet Dual-motor 2LT Equinox EV all-wheel-drive Model:

Cost: $43,295

Range: 285 miles on a single charge

The price goes up to $46,795 for the top 3RS variant.

8. Polestar 4:

The Polestar 4 Crossover is a splash in the EV market. Its coupe-like rear end looks like the Model Y and Mach-E in terms of body style.

Specifications at a Glance of a Polestar 4 Crossover:

# Polestar 4 Crossover base Model:

Cost: $54,900

Range: 300 miles of EPA range

Power: 272 horsepower from a single rear-mounted electric motor

# Polestar 4 All-wheel-drive Model:

Cost: $62,900

Range: 270 miles.

Power: 544 horsepower.

9. BMW i5 :

The BMW is manufacturing both the combustion and the electric versions of its 5 series sedan.

Specifications at a Glance of a BMW:

# BMW i5 eDrive40 base Model:

Cost: $67,100

Range: 295 miles

Power: 335 horsepower from a single rear-mounted electric motor

Sprint: 0 to 60mph in 5.7 seconds

# BMW i5 xDrive40 all-wheel-drive Model:

Cost: $70,100

Range: 266 miles

Power: 389 horsepower

Sprint: 0 to 60mph in 5.2 seconds

# BMW i5 xDrive40 all-wheel-drive Model:

Cost: $70,100

Range: 266 miles

Power: 593 horsepower

Sprint: 0 to 60mph in 3.7 seconds

10. Lucid Air:

The luxury carmaker Lucid Air developed the most efficient and longest-range premium electric sedan on its proprietary platform of 900 volts. It is very comfortable, roomy inside, and even fun driving around a twisty road. This car provides balanced driving with precise steering that allows an accurate placement while operating on the road.

Specifications at a Glance of Lucid Air:

# Lucid Air Pure base Model:

Cost: $71,400

Range: 411 miles

Battery: 88 kWh

Sprint: 0 to 60mph in 4.5 seconds

# Lucid Air the Grand Touring Model:

Cost: $111,400

Range: 516 miles

Battery: 118 kWh

# Lucid Air Sapphire Model:

Cost: $250,500

The Lucid Air Sapphire is the top-performance model and is one of the quickest-accelerating cars on the planet with the combined power of three electric motors.

11. Porsche Taycan:

The Taycan was the only rival of the Tesla Model S, before the launch of Lucid Air and BMW i5.

Specifications at a Glance of Porsche Taycan:

# Porsche Taycan base Model:

Cost: $99,400

Range: 274 miles

Power: 402 hp from a single motor

Sprint: 0 to 60mph in 4.5 seconds

# Porsche Taycan Turbo Model:

Cost: $173,600

Range: 292 miles

Power: 871 hp

Sprint: 0 to 60mph in 2.5 seconds

# Porsche Taycan Turbo S Model:

Cost: $209,000

Range: 266 miles

Power: 938 hp

Sprint: 0 to 60mph in 2.3 seconds.

12.Mercedes-Benz EQS:

Mercedes launched its electric vehicles in a similar look to its combustion engine cars. To make it aerodynamic efficient and to maximize its interior space its EQS sedan looks egg-shaped. It may not be the prettiest sedan, but it’s far from being a luxury EV, with a futuristic interior and plenty of range from its big battery pack.

Specifications at a Glance of Mercedes-Benz EQS:

# Mercedes-Benz EQS 450+ base Model:

Cost: $104,400

Range: 274 miles

Battery: 118 kWh

Power: 355 hp from a single motor rear wheel drive

# Mercedes-Benz EQS AMG Model:

Cost: $147,550

Range: 274 miles

Battery: 118 kWh

Power: 649 hp from a single motor rear wheel drive

Sprint: 0 to 60mph in 3.4 seconds

CONCLUSION:

Many top manufacturers are going ahead of TESLA in making electric vehicles and many are in the process just behind. There are many various best options to the consumers for going for an electric vehicle. Market is open and the manufacturers are in the race to compete with each other to give their best.

“Bajaj Auto Launched World’s First CNG Bike”-Clean Fuel Energy.

July 17, 2024 by vikas.sinha21

Introduction:

India’s oldest two-wheeler manufacturer Bajaj Auto has launched the world’s first CNG bike (Compressed Natural gas powered two-wheeler), named Freedom 125. The first compressed natural gas i.e. CNG powered bike will start at nearly Rs- 95000. This lowest-priced bike will be a revolution in the motorcycle market.

Bajaj launches Freedom 125, world’s first CNG-powered bike

CNG Bike Key Features:

• Telescopic front forks

• Mono-link suspension

• A front disc and rear drum brake setup

• Engine up to 125 cc

• Conventional fuel tank with CNG cylinder placed beneath

CNG Bike Color & Variants:

CNG Freedom 125 will be available in a total of six colors and three (03) Variants.

The three Variants with ex-showroom prices are

i) Drum@ Rs 95,000,

ii) Drum LED@ Rs 1.05 Lakh and

iii) Disc LED@ Rs 1.10 Lakh

Engine and Power:

A 125cc Single-Cylinder Engine

Power: 9.5PS

Torque: 9.7Nm

Fuel:

The motorcycle features dual-fuel capability, running on both petrol and Compressed Natural Gas (CNG) with a simple button switch.

Range/Mileage:

Bajaj claims it offers a mileage of 213 kilometers per kilogram of CNG. The bike boasts the longest seat in its segment, standing at 785mm.

Running Economy:

The operational cost of CNG two-wheelers would be approximately Re 1 per kilometer. The Freedom 125 includes a 2 kg CNG tank.

This bike, the company said, promises 50 per cent cost savings by reducing fuel expenses compared to petrol motorcycles. The CNG tank provides a range of over 200 km on 2 kg of CNG, while the 2-litre petrol tank offers an additional 130 km, culminating in a total range of 330 km for a full tank, said the two-wheeler major.

Consumers save around Rs 15,000 annually on fuel bills, effectively recovering the cost difference between the CNG bike and its petrol counterpart, said Bajaj Auto, which is in discussions with oil marketing companies to expand the CNG station network and include dedicated two-wheeler segments for consumer convenience.

Maintenance:

The company claimed the bike has a 50 percent lower maintenance cost than other bikes.

Manufacturing Strategies:

Bajaj Auto’s Executive Director Rakesh Sharma said we would initially produce 10,000 units of the Freedom 125 monthly, retailing in Gujarat and Maharashtra, with plans to scale up to 40,000 units by the financial year’s end. Executive Director Rakesh Sharma mentioned that the automaker is also considering more models with flexi-CNG-petrol technology if this product succeeds.

The company has identified six export markets for the bike, but the initial focus remains on India. “Then we will look at exporting to Egypt, Tanzania, Bangladesh, Indonesia, Columbia, and Peru,” Sharma said.

The CEO of Bajaj Auto, Mr. Rajiv Bajaj said that the bike is an avatar of freedom and freedom from petrol. “India can show the world how we can move away from petrol and diesel and move towards cleaner fuel.”

Speaking to ET Now, Bajaj Auto’s Executive Director Rakesh Sharma earlier “said that the Bajaj CNG bike is the outcome of a very intense exercise over the last two to three years.

“It addresses a very large market size. Almost 70% of the one million per month market of motorcycles has some level of sensitivity to fuel economy,” he had said.

Reference of the Article:

https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers.

Know the difference between hybrid, plug-in hybrid, and Electric Cars.

July 12, 2024June 30, 2024 by vikas.sinha21

Introduction: Electric cars, Hybrid cars & Plug-in Hybrid cars.

Hybrid cars also known as self-charging cars incorporate a small battery and an electric motor to boost efficiency. It requires a petrol or diesel engine as its primary propulsion and then runs in pure electric mode.

In plug-in hybrid vehicles, apart from petrol or diesel engines, a larger battery is also incorporated there, delivering an electric range of up to 50 miles, depending on its model.

The battery of a plug-in hybrid car is used to recharge with a home charging point or can also be charged using a public charging network.

Electric cars, battery electric vehicles, or all-electric battery vehicles depend completely on a battery pack as its means of propulsion. It must be plugged in when the battery is low on juice.

Remember this rule:

In a hybrid you cannot plug in, in a plug-in hybrid you should plug in, and in an electric car, you must plug in.

1. Hybrid Cars:

Electric Cars ,Hybrid Cars: Toyota Prius

The most famous hybrid car on the planet is Toyota Prius, which was launched in 1997. This was the world’s first mass-produced hybrid vehicle.

A hybrid car pairs an electric motor with a petrol or diesel engine. It means the driver has access to three forms of propulsion i.e. by engine, by pure electric, or both. Hybrid cars are more efficient and economical than conventional gas-powered engines.

Hybrid Cars: Pros and Cons:

Pros:

1. Familiarity:

The hybrid car is very familiar with the conventional gasoline-powered vehicles. While driving, you will not notice much difference between both and even need not to worry about recharging the battery.

2. Efficiency:

In hybrid vehicles, an electric motor is there to improve fuel economy and overall efficiency. Hybrids are more efficient than petrol, and more economical than diesel cars in the town.

Hybrid vehicles can recharge their batteries either by using an internal combustion engine or by regenerative braking. In regenerative braking, the energy that would have been lost under braking or when lifting off the accelerator pedal is diverted to the battery to power the electric motor.

3. Tax:

The government has announced Tax rebate on hybrid vehicles. As per rule, lower CO2 emission means lower vehicle excise duty (VED), especially in the first year of purchase of the vehicle.

4. Towing:

For anyone looking for an electric car for towing, the hybrid car is the best choice. The maximum towing capacity might be slightly less in hybrid cars as compared to petrol or diesel cars but it is significantly more than of a pure electric car. Even many electric cars are not allowed and approved for towing purposes.

Cons:

1. Cost:

The cost of purchase is higher in the case of hybrid cars as compared to petrol or diesel cars.

2. Range:

The electric range of hybrids is very limited.

3. Ban:

As the government aims to go carbon neutral by 2050, The sale of new hybrid cars is to end in 2035 and petrol and diesel cars are already going to be a history after 2030.

2. Plug-in hybrid cars:

The PHEV, a Plug-in hybrid vehicle is equipped with a battery pack to store and deliver power to an electric motor to run the petrol or diesel engine. The battery pack in the plug-in hybrid vehicle is recharged at home or a public charging network.

The plug-in hybrids are gaining popularity and in the U.K the Mitsubishi Outlander PHEV is the best-selling car model.

Because of a large battery pack, the plug-in hybrid vehicles travel more than the hybrid on electric power.

Generally, a plug-in hybrid car should go up to 20-30 miles of electric range, and in some brands and models, it can go up to even 50 miles of range. The BMW X5 xDrive45e claims a range of 54 miles.

Plug-in hybrid cars: pros and cons

Pros:

Backup engine:

In plug-in hybrid vehicles, the petrol or diesel engine supports the running range of the vehicle, and there is no range anxiety. When the battery is exhausted, the vehicle switches to a petrol or diesel engine. Moreover, refueling petrol or diesel is just like that of conventional gas-powered vehicles.

Less Fuel Consumption:

The plug-in hybrid cars typically start in electric mode and generally, people do not require running the gas engine to complete the shorter trips. Indeed, the average car’s daily trip is generally not more than 10 miles, and for this, the driver does not require switching the gas-powered engine.

Tax:

Especially for company car drivers, it matters great in tax benefits as the Lower CO2 emission means the Tax benefits are greater.

Lower Running Cost:

Driving of Plug-in Hybrid is as easy as a regular gasoline car, only you need to plug-in the vehicle as and when required. The combination of electric and petrol and diesel power delivers improved performance without the high running costs of a fast petrol car. Although, it is a very minor thing but in case if you don’t have access to a charging point, no need to worry much, you simply use the engine until you get home or find a charging station.

Cons:

Upfront cost:

The initial investment cost of a plug-in hybrid is a major drawback. For example, the cost of the Hyundai Ioniq hybrid is around £24,000, while the plug-in hybrid and electric versions are priced at around £30,500.

Change In Driving Habits:

The plug-in hybrid drivers will have to add in their habits of recharging their car before going for the next trip, otherwise, they will have to switch on the conventional gas engine petrol or diesel mode, which will be expensive. A plug-in hybrid is not the best choice if you are not using the battery mode.

Handling:

The Plug-in hybrids are fast in a straight line, with plenty of torque for swift overtaking. The weight of the big battery pack can have a slight disadvantage on the car’s ride and handling. They are less comfortable over pitted roads and more bulky when cornering.

3. Electric cars:

Electric Vehicles in India are growing rapidly. It is a demand to go green and save the environment with sustainable development. In this way, alternative fuel vehicles are in global demand. Electric vehicles are the most popular and adopted way to go green globally. In India, many Indian manufacturers as well as foreign investors have already launched many brands in the Indian Market.

India is growing their electric vehicles market in all segments like two-wheelers, Three-wheelers, four-wheelers, and commercial buses & trucks.

Indian Government has supported with several rebates like manufacturing rebates to the producers and tax rebates to the customers.

Electric cars: pros and cons:

Pros:

Incentives:

The government is offering a rebate of £2,500 towards the cost of new electric cars costing less than £35,000.

A separate grant of £350 is available via the electric vehicle home charge scheme when buying a home charge unit.

Tax:

The government taxes on the purchase of all-electric cars are meager and rebated. These vehicles qualify for the free VED (vehicle Excise duty), lowering the purchase cost.

Low Running Cost:

An electric car is always cheaper to run than a petrol or diesel car. It will be more economical if you charge at home and take advantage of special tariff offers to electric vehicle owners.

The servicing and maintenance cost of electric vehicles is much less as there is no engine and hence no need to do periodic maintenance like lubrication, oiling, etc.

Air quality:

The main attraction of electric vehicles is their zero-emission quality, as there is no combustion engine and no tailpipe.

Driving experience:

The instant torque makes an electric car responsive and fun to drive and gives a great driving experience.

Cons:

Quoted range:

The range of electric cars is a major part of the concern. For a long go you, if your battery juiced, then there is no other option left with you, to go further.

With the range of available electric cars, you do not even think about running long in a single go.

Upfront Cost:

Although the running cost is lower in the case of electric cars, the initial upfront cost is big.

A figure of around £30,000 is more realistic, while some upmarket EVs break the £100,000 mark.

Charging:

Anyone without access to a garage, driveway, or off-street parking might struggle to charge an electric car at home, and while the public charging network is getting better rapidly, some areas remain underserved, and there are some reports of inoperative charging units.

Conclusion:

So, if you are planning to go green on wheels and are willing to purchase an alternative fuel vehicle. Think once which one either hybrid, Plug-in hybrid, or electric vehicle is good for you? It all depends on your circumstances, so doing some planning and market surveys is essential.

If your daily running by car is within the city and not much more range is required, then go for the hybrid. A hybrid is a better alternative to a petrol or diesel car, for short trips and city movements.

A plug-in hybrid is an excellent route to a pure electric car, only you must plug it in, before your drive.

The pure all-electric car is the best alternative fuel vehicle with many new technological advances, government rebates, and support.

Hybrid Cars Are Gaining More Popularity Than Electric Cars.

April 2, 2024 by vikas.sinha21

Introduction:

In India, Hybrid Cars are going ahead of Electric cars. Indian Consumers prefer hybrid vehicles to pure battery electric vehicles. Hybrid vehicles are a blend of internal combustion engines and electric motors, while the only battery-powered electric cars only depend on electric motors powered by batteries.

Source: https://www.dummies.com/article/home-auto-hobbies/automotive/car-repair-maintenance/general-car-repair-maintenance/what-are-hybrid-vehicles-196425

Why Hybrid Cars are overtaking pure electric Cars?

#Hybrid Cars are Reliable & Affordable with low Maintenance Cost:

Hybrid vehicles are becoming more popular as these vehicles are reliable and affordable and the maintenance cost of hybrids is low. On the other hand, very limited range, lack of charging facilities and expensive insurance are the major concerns that the Electric Vehicles ecosystem needs to address effectively to make it easy for Indian customers.

# Hybrid Cars are Cheaper:

Hybrid cars are cheaper as compared to all-electric cars i.e. battery electric cars. The market researcher Jato Dynamics reports that the average retail price of a hybrid is 16.98 lakh while that of an electric vehicle is Rs 17.71 lakh. The total hybrid vehicles sales from January to December 2023 was 12.6 % of the total passenger vehicles sold whereas the share of electric vehicles was only 2.3%.

The president of Jato Dynamics, Mr. Ravi Bhatia says that the hybrids may continue to play a major role in an intermediate technology like Stepping Stone towards adopting a full adoption of electric vehicles and will help to educate and familiarize consumers with alternative fuel technologies to transit completely to electric mobility.

One of my known, who is an IT engineer, was initially planning to buy an electric version of Tata Nexon ev of having an Ex-showroom price of Rs18.69 lakh is changed his mind and opted for a hybrid Maruti Suzuki Grand Vitara Zeta of price Rs. 18.33 lakh. He says the challenges of charging infrastructure and lower outstanding value made him go for a hybrid.

Hybrid Cars vs. Electric Cars:

#Range Anxiety:

The lack of enough charging stations creates range anxiety among potential electric vehicle buyers. Hybrids with their dual power source, offer the comfort of long-distance travel without relying solely on electricity.

# Affordability:

Compared with electric vehicles, hybrid technology is more mature and more affordable.

# Tech Familiarity:

The familiar combustion engine in hybrids brings down the apprehensions about new tech.

# Govt. Incentives:

While the Indian Government offers incentives for both electric vehicles and hybrids, policies often favor the hybrids.

# Urban Driving Conditions:

Stop-and-go traffic in cities favors hybrids as it switches seamlessly between electric and ICE power.

# Consumer Preference:

Many consumers are still hesitant about electric vehicles. Hybrids with a longer presence in the market, benefit from brand recognition and customer trust.

Conclusions:

Many car manufacturers swear that electric vehicle is the technology of the future, as they will help in meeting COP26 goals, and in going carbon neutral in the long term. However, not everyone in the automotive industry is convinced that electric vehicle is the solution.

“Electricity generation in India is largely through thermal means and hence electric vehicles don’t help in furthering COP26 objectives. Also, there are functional transportation needs in a growing economy. Electric vehicles with the high cost of acquisition and lack of charging infrastructure have limits in addressing this requirement”.

“We need to support all sustainable fuel technologies (hybrids/ethanol blended, hydrogen, and CNG) proportionately so that we can displace petrol and diesel.” Regulatory pushes, such as CAFE or corporate average fuel efficiency that requires companies to lower greenhouse gas emissions and increase fuel efficiency–– are pushing manufacturers to launch more models in different segments.

RC Bhargava, chairperson of the country’s largest carmaker, Maruti Suzuki, says hybrids are much more acceptable to the customer as it is cleaner than EVs. He says, “We need to have multiple technologies at different price points catering to a diverse set of customers to cut down the carbon footprint.”

Shashank Srivastava, senior executive director of Maruti Suzuki, says the company will follow customer preferences “even as we meet regulatory requirements”.

The future, it seems, will be powered by many powertrains.

Ford plans to re-enter India with focus on Electric Vehicles: Report

March 4, 2024 by vikas.sinha21

Introduction:

According to a report, the major auto manufacturer in the United States, FORD is planning to re-enter the Indian auto market by focusing on electric vehicles. The Hindu Business Line reported that the global automaker Ford, which departed India in 2021, is working on a return to the Indian Market with a focus on hybrid and electric vehicles, by using its manufacturing facility in Chennai for the production of these cars. Times of India reported that the car manufacturer Ford has applied for design patents for a sleek, modern midsize SUV. This design is considered to compete with already existing popular models like Hyundai Creta, Kia Seltos, and Maruti Suzuki Grand Vitara.

Source: https://images.wsj.net/ Ford has updated its outlook for 2024. PHOTO: ANGUS MORDANT/BLOOMBERG NEWS

Ford Electric Vehicles Planning:

Recently, the company has patented the design for its upcoming Endeavour SUV, which will carry the Everest Moniker.

The company is in the process of recruiting personnel for its Chennai factory.

Moreover, Ford has secured the trademark for “Mustang Mach-E” in India. It is expected that Ford may come back by introducing its electric crossover to rival other premium electric vehicles like the Mercedes EQE, BMW iX, and the Audi Q8 e-tron.

Source: https://etimg.etb2bimg.com/photo/108033946.cms

The majority of consumers of mid-size passenger cars are hesitant to go for electric vehicles because of their high price and very few marked charging infrastructure. In this view, the automaker has also cut production and prices of its battery-powered Mustang Mach-E, while it pivots to boost the output of gas-electric hybrid models.

As Bloomberg reported, The Company has recently stopped deliveries of its F-150 Lightning plug-in pickup for an undisclosed quality issue. In an official statement, the automaker said it stopped shipping the Lightning on February 9 to ensure the quality. The Company said, “We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards”.

According to the report of last month, it is predicted that the Indian market of Electric Vehicles (EVs) is expected to grow at a compound Annual Growth Rate of 35 % with expected annual volumes to touch 27.2 million units by 2032.

The central government’s commitment to promoting an indigenous Electric Vehicle ecosystem is evident in the approval of a 3.5 billion US dollar production-linked incentive (PLI) scheme for the manufacturing of automobiles and auto components, promoting the development of the electric vehicle supply chain in the country.

Conclusions:

The Indian market of electric vehicles is growing and many major car manufacturers are investing to develop their establishment and the infrastructure in India to capture the broad market of India. That’s why the Major car manufacturer Ford is rethinking and planning to rejuvenate its existing plant and machinery already at Chennai.

Hoping the best for the Ford and the Indian as well as the global market for the alternative fuel vehicle and the electric vehicles.

05 Alternatives to Battery-Powered Drivelines…

February 24, 2024February 23, 2024 by vikas.sinha21

Introduction:

The battery-powered vehicle system plays a very important role in reducing carbon emissions to the environment. Even though there are many other ways also to achieve carbon-neutral mobility than adopting battery-powered electric vehicles.

Now, battery-powered transport systems are playing a major role in shifting toward carbon-neutral mobility. Even though researchers are continuously involved in developing other ways also to achieve the goal of no or minimum carbon emission drivelines.

Below are the 05 key alternative fuels other than battery electric vehicles:

1. Hydrogen Electric Vehicle (HEV):

Hydrogen is a ready-to-use option for both the combustion engine and the fuel cells, but the efficiency of hydrogen is considerably higher in fuel cells. Hydrogen electric vehicles are zero-emission drivelines, generally hybrid vehicles with a battery as used for buffer. HEVs are self-sufficient vehicles and are fast to refill easily. The European Union, under AFIR recommended expanding a huge network for sourcing hydrogen from renewable energy sources to scale up the infrastructure and overcome the tight bottlenecks.

2. e-fuels in Compare to battery-Powered Vehicles:

The e-fuels are the chemical combination of green hydrogen and CO2 capture. It is a zero-emission by CO2 compensation. Germany has opened the door to using e-fuel after the European Union ban in 2035.

Source: https://www.cng-mobility.

3. Bio Fuels:

Biofuels such as ethanol, biodiesel, and biogas are the prime sources of energy for propelling vehicles. The biofuels are derived from biomass, which includes organic materials like crops, agricultural residues, algae, or waste products.

The common biofuels are:

i). Ethanol:

Ethanol is the extracted form of crops like corn, sugarcane, wheat etc and is commonly blended with gasoline to create ethanol-gasoline blends such as E10 (10% ethanol, 90% gasoline) or E85 (85% ethanol, 15% gasoline).

Flexi- fuel : Alternative to Battery- Powered

Figure 1 The Toyota Innova Hycross Flex Fuel MPV is designed to operate exclusively on Ethanol

ii). Biodiesel:

Biodiesel is the product from the residual of vegetable oils, animal fats, or recycled cooking grease. It can be used in diesel engines either by mixing with petroleum diesel in blended form or directly in pure form.

iii) Biogas:

Biogas is the product of the anaerobic digestion of organic matter like agriculture waste, sewage, or landfill. The vehicles running on compressed natural gas (CNG) or the converted vehicles run on bio-methane use biogas as fuel.

4. Compressed Air Vehicles (CAV):

Compressed Air Vehicles (CAVs) are vehicles powered by compressed air stored in onboard tanks. The concept of using compressed air as a power source for vehicles has gained attention as a potential alternative to traditional internal combustion engines or electric vehicles.

The compressed air is stored in a tank mounted on the vehicle. This stored energy is then used to power the vehicle’s engine or motor.

5. Solar-Electric Vehicles (SEV):

Solar electric vehicles (SEVs) are those, which use energy from the direct Sun i.e. solar energy to produce electricity for propelling the vehicles. These vehicles usually include solar panels, which receive sunlight and transform it into electrical energy this electrical energy is then stored in batteries, and from the battery, this energy is used to power the electric motor of the vehicles for developing the propulsive power.

Figure 2 The Squad Solar City Car, as presented of the Fully Charged 2022 event in Amsterdam

Source: https://upload.wikimedia.org/wikipedia/commons/c/c2/Squad_Solar_Car

Solar panels are made up of photovoltaic cells, which are used to convert sunlight into electricity through the photovoltaic effect.

Solar electric vehicles are powered by electric motors. The electricity generated from the solar panels is used to charge the vehicle’s batteries, which in turn power the electric motor. Some SEVs also can directly power the motor using solar energy during operation.

Conclusion:

To shift towards a more sustainable and integrated transportation system a sole carbon-neutral mobility system or a combination of new technologies and strategies is required to implement, even though battery electric vehicles play a substantial and diversified role in addressing the challenges of carbon emissions in the transport sectors.

Many innovations and technologies are there to cope with and solve issues like carbon emissions and sustainable mobility.

Carbon-neutral mobility is the demand and the future of the coming era for a more eco-friendly and sustainable environment.

Let us come together to achieve the goal for our future generation.

“Battery Performance of Electric Vehicles In Cold Is A Big Trouble”

January 26, 2024 by vikas.sinha21

Introduction:

Cold weather causes challenges for electric vehicle owners. Electric Vehicles are getting frozen in cold weather. It is experienced by many electric vehicle drivers and even experts say that cold weather is causing a 30% loss in battery range and an increased charge time (approx. Triple) for electric vehicles.

Electric vehicles are facing problems like fall in performance, less battery life, bigger charge times, etc.

In a city like Pennsylvania in the United States, cold weather is causing serious problems for electric vehicle owners. In winter weather at extreme cold, the batteries of electric vehicles are going discharge faster and take much extra time to recharge it again.

An electric car owner at a Tesla charging station near Chicago shared that “I was at 50% when I got here and usually it takes 10 to 15 minutes to charge from 50 to 80, 90% but now in the cold it is taking an hour and 20 minutes for the same.

Source: https://evocharge.com/resources/how-does-ev-charging-work

Reason for Battery-Troubles of Electric Vehicles in Cold:

Source: Tricky_Shark/Shutterstock.com

The experts of electric battery and fuel cells states the cold weather is causing organic chemical reactions within the chemical substances of the electric battery and that slows down its performance exponentially. The experts say battery range for electric vehicles can be reduced by up to 30% in the cold and at zero degrees can lose 10 times the amount of power. The re-charging of the batteries can take double and even triple times in the cold.

As told by the battery & fuel cells specialist and Chair Professor at Penn State’s Department of Material Science and Engineering, Mr. Chao- Yang Wang, told, “The chemistry in the battery will slow down almost exponentially with the decreasing temperature”.

As of now, the current electric vehicle charging infrastructure is less in number and at are far in distance which is also a trouble for the electric vehicle owner to go for a long in the cold.

The characteristics of lithium-ion batteries are very sensitive to excess temperature in cold weather. The battery-making companies are working continuously to develop better technology to nullify the existing defects and improve the performance of electric vehicles for all climates.

Electric vehicle (EV) batteries can experience challenges in cold weather due to several factors:

1. Temperature Sensitivity of Lithium-ion batteries of Electric Vehicles:

Lithium ion Battery For Electric Vehicles

Source:https://possibility.teledyneimaging.com/wp-content

Most electric vehicles use lithium-ion batteries, which are sensitive in case of excess temperatures. The efficiency of the lithium-ion batteries decreases in cold weather and the capacity to provide and accept the charge weakens. The chemical reactions within the battery become slower in colder temperatures and decrease the overall performance.

2. Reduced Energy Storage Capacity:

The energy storage capacity of lithium-ion batteries is minimal in cold weather. And when the temperature drops, the internal resistance of the battery rises, and it creates difficulty for electrons to move within the cells and the overall energy output of the battery decreases.

3. Increased Internal Resistance:

The internal resistances of the batteries are high in cold temperatures, which causes higher losses during the charging and discharging processes. This internal resistance can cause the battery to heat up during the process and this may further reduce the overall efficiency of the battery.

4. Charging Limitations:

In cold weather during charging the battery, gets overheated, and due to this reason, it takes longer time to charge the battery of the electric vehicles.

5. Range Reduction:

In cold, the battery energy of electric vehicles is used for heating the systems, which affects significantly the driving, range of the electric vehicles.

Solution of Electric Vehicles Battery Low Charge in Cold Weather:

Battery pre-conditioning:

To overcome the impact of cold weather on electric vehicle batteries, many electric vehicles are now coming with the facility of battery pre-conditioning systems. These systems are used to heat and the battery before starting the vehicle, which improves the performance of the battery.

Experts suggest using the pre-condition setting offered in some electric vehicles to optimize the battery performance in cold weather. Drivers should also ensure a full charge and keep their electric vehicles in warmer condition when not in use as possible.

Whenever electric vehicle drivers notice that their vehicles are performing less in the cold, They should know to practice some necessary tips to maximize the battery life and better performance.

Conclusions:

The electric vehicle market is growing globally and many different players like Tesla, BYD, Toyota, Hyundai, Mercedes, and many more are involved in manufacturing and R&D.

Despite, the current battery technology has trouble in combating the issue; however, innovations are going on by different institutions. The scientific solution to this problem is available but it will take time for the automobile industries to implement it practically. It is expected that within four to five years this problem will go away completely.

By the time, a basic preparatory work is required to do before you make a trip, like checking you’re a battery at its full charge capacity, and pre-heating of the vehicle.

“The Top 05 Best Selling Electric Car Manufacturers In India”

January 27, 2024January 20, 2024 by vikas.sinha21

Introduction:

The top-selling electric car manufacturers of India in the year 2023 are Tata Motors, MG Motor, Mahindra & Mahindra, Hyundai, and the fifth one of the PSA group Citreon. The Indian Brand Tata Motors is leading in the list with a total of four models of its electric vehicles and of price range between Rs.8.69 for its base model to Rs.19.94 lakh of its upper model cars. The other best-selling brands are MG at position two, Mahindra & Mahindra at position three and Hyundai achieved position four followed by the PSA group Citeron at position fifth.

The details of the top-selling brand and models are as discussed below:

1. Tata Motors Electric Car (Tata.ev):

Tata Motor is the leading electric car manufacturer in India. Tata Motors has recently renamed its electric vehicles as Tata ev. The company is currently offering four models in India as Tata Punch ev, Nexon ev, Tiago ev, and Tigor ev.

Top 5 Tata Electric Cars in India:

Sl. No.	Model	Price In New Delhi
(i)	Tata Punch ev	Rs. 10.99-15.49 Lakh
(ii)	Tata Nexon ev	Rs. 14.74-19.94 Lakh
(iii)	Tata Tiago ev	Rs. 8.69-12.04 Lakh
(iv)	Tata Tigor ev	Rs. 12.49-13.75 lakh

(i)Tata Punch EV:

^{Tata Punch ev is the most popular electric car of Tata Motors with a price range of Rs.10.99 to Rs.15.49 Lakh.}

^{(ii) Tata Nexon EV:}

^{Next is the Tata Nexon ev with a price range between Rs.14.74 to Rs.19.94 lakh. The all-new Nexon ev is the game changer EV representing a stunning leap forward in design, cabin comfort, performance, technology, and safety.}

^{(iii) Tiago EV:}

^{Tata Motors Tiago. ev is the cheapest model of Tata Motors with a starting price of Rs. 8.69 Lakh. It comes with awesome interiors and features that make every drive super exciting. Tata Motors is the Top-selling 4W electric vehicle manufacturer in India.}

^{iv) Tigor. ev:}

^{Tigor. ev is another popular electric vehicle of Tata Motors and is coming in a price range of Rs. 12.49-13.75 lakh.}

2. MG Motor Electric Car:

MG Motor offers two electric cars in India in the form of ZS EV electric SUV and Comet EV – India’s most affordable electric car. MG came second in the month of August ’23 with 1,150 EVs sold.

(i) MG ZS EV:

MG ZS EV electric vehicle is a sports utility vehicle, its base model starts at Rs. 22.88 lakh, and the top model goes up to Rs.26.00 Lakh. Its battery range is 461 km. Battery capacity is 50.3 KWh and its battery takes 16 hours to charge at its full capacity.

(ii) MG Comet Electric Car:

The MG Comet is an ultra-compact, electric city hatchback that wows with its design and usable city driving range. The Comet EV starts with a price of Rs. 7.98 Lakh and the top model price goes up to Rs. 10.63 Lakh (Avg. ex-showroom). The battery range is 230km and its charging time is 7 hours at 220 volts.

3. Mahindra & Mahindra:

Mahindra & Mahindra is the third in the electric vehicle segment with just one model XUV 400.

Mahindra XUV400 EV price starts at Rs. 15.49 Lakh and the top model price goes up to Rs. 19.39 Lakh. XUV400 EV is offered in 7 variants – the base model of XUV400 EV is EC Pro 345 kWh and the top model is Mahindra XUV400 EV EL Fast Charger DT.

4. Hyundai Electric Car:

Hyundai India Motors has launched two electric cars in Indian Market-:

(i) Hyundai Kona Electric:

This car is the most popular model of Hyundai with a price range of Rs 23.84 lakh to Rs. 24.03 lakh.

The driving range of the Hyundai Kona is 452 km with a battery of 08 years and approx. 160000 km warranty.

There are 2 Hyundai Electric cars currently available for sale at starting price Rs 23.84 Lakh Lakh. The most popular Hyundai Electric cars are Hyundai Kona Electric (Rs. 23.84 – 24.03 Lakh), Hyundai IONIQ 5 (Rs. 45.95 Lakh). To know more about the latest prices and offers of the best Hyundai Electric cars in your city, specifications, pictures, mileage, reviews and other details, please select your desired car model from the list below.

(ii) Hyundai Ioniq 5:

The Hyundai Ioniq 5 is an electric vehicle with all the necessary and luxurious features with ease of drivability and good range. It’s base price starts at 46.05 lakh.

The Hyundai Ioniq5 and Kona electric vehicles helped Hyundai EV to be placed fourth place in the Indian electric vehicles market in the year 2023.

4. PSA Group Citroen:

PSA Groupe currently offers one EV in India i.e. the Citroen eC3. In February 2023, Citroën India launched an electric variant of C3 under the name Ë-C3. The car was launched about 6 months after the C3’s launch. Its stated range is 320 kilometers (200 mi) per charge. Citroen managed to sell 111 units of the eC3 in the Indian market last month. Citroen was in fifth place in the electric vehicles Indian Market.

6. BYD:

BYD is a Chinese car manufacturer and it was listed at sixth position in Indian Electric Vehicles market in the year 2023 by selling a total number of 93 units of Its Atto 3 electric SUV and e6 MPV.

The BYD cars in India starts from Rs. 29.15 Lakh for It’s E6 model and the other model Atto 3 comes with a price range of Rs 33.99lakh to 34.49 lakh.

Conclusion:

India is leading in its electric vehicles manufacturing market under the banner of Make in India, and Tata Motors is representing and proving at its full capacity and the innovative technologies. In Indian market, the electric cars are also available at an affordable price of Rs8.96 lakh to a premium range also.

“A Review of The Second Week(W2) of the year 2024 Sale Of Electric Vehicles In China”.

January 26, 2024January 17, 2024 by vikas.sinha21

Introduction:

During January 8-14, the second week (W2) of the year 2024, China’s electric vehicles market showed mixed development, with some brands continuing to decline while others already started growing, especially the major manufacturers like Li Auto, Aito, and Tesla. BYD was down by 09%, Tesla was up by 130%, and Nio was down by 43% from the week before. A surprise lift and lead over Li Auto was held by the electric vehicle startup Aito.

Source: Li Auto, Based on Insurance registration

A weekly sale data published by Li Auto based on the weekly insurance registrations of the cars sold. The numbers present new energy vehicles i.e. BEVs, PHEVs, and EREVs (Range extenders electric vehicles).

BYD Electric Vehicles:

BYD got the first spot, registering 40,300 electric vehicles, and is still lagging by 9.23% from 44,400, the week before. In the first half of the month i.e. during 1^st-14^th January, BYD sold 84,700 in China.

The sole model on sale of BYD’s Brand was YangWang, a 1.089 million yuan i.e 153,000 U.S dollar, dedicated SUV YangWang U9, registered 1060 vehicles and was 16.9% less than the week before.

Another brand of BYD, Fang Cheng Bao (FCB), also has a sole model known as Bao5 was on sale, it was registered for 1060 vehicles and was 5% less than the week before. Fang Cheng Bao is also a premium brand but is much cheaper than the number one brand YangWang. Bao 5 UV is priced around 300,000 yuan i.e. 42,000 U.S dollars.

The third brand of BYD is Denza, which was formerly a joint venture with Mercedes-Benz, which came into control of BYD in 2021. It ranked above BYD Badged cars but is below the brand Fang Cheng Bao (FCB). A total number of 1500 cars were registered Denza which was 6.25% lower than the 1600 cars the week before. In the first half, i.e. during 1^st-14^th January, Denza sold 3100 cars in China.

Source: Li Auto, Based on Insurance registration

Tesla Electric Vehicles market In China:

The total number of EVs registered by the Brand Tesla was enormously high and was a total of 7400 electric vehicles, up by 131.25% from 3,2000 the week before. In the first half of January 2024 i.e in the period 1^st to 14 January, Tesla sold a total number of 10,600 electric vehicles in China.

Source: Li Auto, Based on Insurance registration

Nio EVs Manufacturer:

The other manufacturer Nio, registered a total number of 1,700 EVs, and was less by 43.33% from 3000 the week before. In the first half of the month of January 2024, Nio sold only 4,700 EVs in China.

Source: Li Auto, Based on Insurance registration

Huawei’s Aito:

Huawei’s Aito, got a second-time first spot among the startups for Electric Vehicles, registering a total number of 6,800 vehicles which is 15.25% up from 5900 vehicles the week before. In the first half of the month of January 2024, i.e. from 1^st to 14^th, Aito sold a total number of 12800 vehicles in China. Aito manage to sell both battery electric vehicles (BEVs) and Range extenders electric vehicles (EREVs).

A big surprise of 2023 is the sales figure of Aito, as Huawei got tired of its struggling sales and used its deep pocket to introduce radical price cuts and various benefits, and surprisingly it worked. Aito jumped from 2K-3K monthly sales to almost 25000 vehicles sold in the month of December 2023 and became a relevant player in the tight China Electric Vehicle race.

Source: Li Auto, Based on Insurance registration

Li Auto:

Li Auto gave a very close fight to Huawei’s Aito, as it was closely second in electric vehicles startup sales and it registered 6800 vehicles which is around 58.14% from 4300 the week before. From the 1^st to the 14^th of January, in the first half of the month, li Auto sold 11,000 vehicles in China. Li Auto sells only Range Extenders electric vehicles (EREVs).

The third position was grabbed by Changan’s Deepal, which makes 3300 vehicles and is less by 2.94% from 3400 the week before. From the first to 14 January, in the first half of the month, Deepal sold 6700 vehicles in China. The two models SL03 sedan and S7 SUV of Deepal comes in battery electric vehicles(BEVs), Range Extenders electric vehicles (EREVs), and Fuel cell electric vehicles(FCEVs).

Volkswagen sold 3500 electric vehicles and is down by 7.89% from 3800, the week before. From the first to 14 January, in the first half of the month, Volkswagen sold 7300 electric vehicles in China.

Conclusion:

The electric vehicles market in all around the world is booming and the China market is all time high for alternative fuel vehicles specially for the electric vehicles manufacturing and the sells. in the first half of the month January 2024 , the Chinese manufacturer BYD response is comparatively good and is the major seller of all electric vehicles. And Li auto is just behind the BYD.