Just 5 per cent may purchase electric cars this year, most want EVs under Rs 10 lakh: Survey

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The survey, based on the response of 40,000 people from across 319 districts, also found that more than half of the "existing or prospective car owners" are willing to buy an electric car if it is available in the Rs 8-10 lakh price range...

Car sales in India crossed 4 million units last year while 72,321 electric four-wheelers were registered, according to the survey conducted by online consumer pulse aggregator platform, LocalCircles...

If the 5 per cent of the existing/prospective car owners, as found in the survey, buy one car each and the annual car sales maintains the 2023 numbers, it indicates a demand of 200,000 electric cars this year, LocalCircles said.. Of the 40,000 respondents who participated in the survey -- conducted over a period of three months -- 42 per cent are from tier-1 cities, 34 per cent from tier 2 and the remaining 24 per cent from tier-3, 4 and rural areas, it said...

The India findings from the "2023 Global Automotive Consumer Study" by Deloitte noted that the demand for EVs continues to centre on the consumer perception that fuel costs will be significantly lower than ICE cars, outweighing the concern for climate change, it said.. Experts say people want to buy electric cars for the driving experience also as there is no engine sound and very little NVH (noise, vibrations, and harshness), which makes the cabin very quiet and comfortable, the platform stated...

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