Hybrids and electric cars are making big news in India as fuel prices and loan interest rates go sky high. People are now looking for fuel efficient cars that are less dependent on fossil fuels. Sensing the pulse of buyers, the government has rolled out sops for hybrid cars sold in India.

The Honda Civic Hybrid recently entered India while E10 cars (10 percent ethanol) cars like the Accord are already present on Indian roads. Hyundai is planning to bring its own version of Hybrid technology to India. It plans to bring in hybrid variants of the Accent, Sonata and Avante. The domestic auto giant Mahindra and Mahindra has already introduced the Scorpio Hybrid for its market abroad.

Most of these hybrids are sold because of their low running costs, but there is a huge difference in the cost of hybrid and original petrol versions of these cars. However, it is electric cars that provide the best answer to saving fuel costs and recovering investment. Interestingly, it is India’s own Electric Car manufacturer Reva Electric Car Company which beats the best in the business and proves to be the most cost effective car.

According to experts, the electrically charged REVAi car can save up to Rs 4,500 in fuel costs every month for a travel distance of 45 km everyday. This amount will help recover the cost of the Reva car within a few years time. On the other hand, recovery of the difference in price between a Hybrid and its petrol counterpart can take years if calculated in cost saving due to fuel-efficiency. However, hybrids do offer better power and comfort compared to the electric cars available in India today.