The hybrid future
The good news is that the
Government is considering granting duty concessions for the
import of hybrid cars such as the Toyota Prius. This is a
welcome move considering today’s escalating oil prices. A barrel
of oil hit US$ 142 yesterday and some experts predict it will
reach US$ 200 soon.
Hybrids remain a stop-gap solution. Oil is running out, but
it will last for at least 100 more years. At a time when oil
prices have hit a record high, consumers are trying to gain the
maximum benefit from every drop of oil. Hybrids do just that.
Governments and regulatory authorities must encourage the use
of hybrid vehicles by making it easier for consumers to buy
them. This calls for duty and tax reductions to make them more
affordable. Many countries have already taken a policy decision
to this effect. For example, London’s Congestion Charge does not
apply to the Prius or the all-electric Reva.
There is no denying that fuel efficiency is the answer. And
hybrid cars, which combine a gasoline engine with electric
motors, have become a viable alternative to gas guzzlers. The
Prius and Honda’s Civic IMA have literally led the charge, but
other manufacturers are joining the fray almost every month.
Toyota, through its luxury arm Lexus, is also making a hybrid
Sports Utility Vehicle.
It is worth granting duty concessions to all-electric and
hybrid cars mainly because of their fuel-saving capacity. A
hybrid car can do around 35 kilometres per litre, as against 18
Km per litre performed by even the most fuel efficient
conventional gasoline engines.
Diesel engines can perform better, but even they cannot come
close to a hybrid set-up. Just imagine the long-term savings in
terms of foreign exchange if most cars on our roads were
hybrids.
Electric cars do not require fuel at all, but they have to be
charged using the national grid, which depends mostly on fossil
fuels anyway. Electric cars are also plagued by limited range
and the need for large batteries. Scientists are striving to
solve these problems.
In the meantime, the advantage of hybrids is that they do not
have to be recharged from mains electricity - braking the car
generates power which charges the battery in a process called
regenerative braking.
Another major benefit is that hybrids have very low emissions
compared to conventional engined cars. In an age in which global
warming has become a worldwide concern, hybrids will help reduce
the emission of greenhouse gases and help save our fragile
environment.
Some manufacturers are trying to build diesel hybrids, which
will up the ante further. Today’s best common rail diesel
engines are already very frugal and clean, but combining one
with an electric motor should be sweet music to motorists’ ears.
Automakers are also looking at all-electric and hydrogen
fuel-cell vehicles as an answer to the oil crisis. Several
carmakers have released limited numbers of fuel cell versions of
their popular vehicles. A couple of hydrogen filling stations
have been opened in the US and Europe. Nevertheless,
hydrogen-powered vehicles are at least a decade away from full
commercialisation.
Petrol cars are not going to disappear overnight, so the
Government should encourage the purchase of smaller-engined,
petrol cars. Duty concessions could be granted for sub 1,000 CC
cars and for smaller diesels such as 1.3 litre diesel cars.
The authorities should also encourage the local assembly of
electric vehicles. There already are a couple of local companies
making electric scooters. They should be given more concessions
that will enable them to price their products aggressively.
They should also consider the possibility of getting down
some alternative fuel buses for public transport. India and
several other countries have natural gas and electric buses.
This too may be costly initially, but the long-term benefits
will outweigh such costs.
In any case, a better public transport system will help to
wean away at least some motorists from their cars, benefitting
the environment and the Exchequer.
Regulatory authorities must keep an eye on these developments
and take appropriate measures to popularise alternative energy
vehicles for the greater benefit of the public and the economy. |