Despite incentives for EVs, Hybrid and CNG vehicles will sell more in the medium term: UBS

New Delhi [India], July 27 (ANI): The hybrid vehicles in India including CNG and other alternative vehicles will be more successful in the medium term as compared to the electric vehicles, highlights a report by UBS, an investment banking firm.

The report noted that despite various incentives, launches, and price reductions, the share of EVs in the passenger car market remains below 2.5 per cent, lagging behind strong hyb