Incentivising hybrids will slow down EV adoption: Santosh Iyer

Santosh Iyer, MD and CEO of Mercedes-Benz India emphasises EVs’ importance in achieving decarbonisation, as India aims to expand its car market while reducing emissions. He explains that hybrids offer fuel efficiency benefits and reduce emissions by 20%, but they are a transitional solution. Incentivising hybrid technology may slow the shift to full electrification, which is vital for achieving India’s goal of becoming a net energy exporter through renewable energy and zero-emission mobility. Iyer emphasises that EVs are the ultimate destination for decarbonising the automotive industry.