A study on the prospects of electric vehicles conducted by Deloitte Touche Tohmatsu Ltd has estimated the current potential of the Indian market at 4 per cent of the annual car sales in the country (or about 100,000 vehicles).

The study finds that the Indian customer does not want to pay a premium, would shift to an electric vehicle only if the price of petrol touched Rs 85 a litre, would not consider electric vehicle if the conventional vehicles ran 32 km a litre of fuel, wanted charge time of less than two hours, preferred charging at home and wanted a range of 320 km/charge. The study was released in Chennai today.

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