TL;DR
Indian auto giants JSW Motors and Mahindra & Mahindra are exploring Range-Extended Electric Vehicles (REEVs) if government policies expand incentives beyond pure EVs, reflecting a strategic move to accelerate electrification amidst evolving market dynamics.
Major Indian automotive manufacturers, including JSW Motors and Mahindra & Mahindra, are reportedly exploring the development of Range-Extended Electric Vehicles (REEVs). This consideration comes in response to potential shifts in India's policy framework, with a keen interest in expanding incentives beyond purely battery-electric vehicles. REEVs operate primarily on an electric motor, utilizing a small internal combustion engine solely as a generator when the battery charge depletes, offering a transitional technology to ease consumer adoption of electrification.
While both automakers are currently focused on pure EVs, their openness to REEVs suggests a strategic move to address consumer hesitation regarding current EV limitations. This approach mirrors trends observed in international markets, such as China, where REEVs have gained traction. However, industry experts caution that despite their benefits in adoption, REEVs still involve the use of fossil fuels, distinguishing them from zero-emission pure EVs. The viability of REEVs in India is heavily dependent on supportive policy and taxation structures.
