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Going all electric by 2030: How much is possible?
Nov 29: India has set for itself the ambitious target of transforming itself into an "all electric" country when it comes to its automobile industry.
8The ambition has implications for the Indian refinery sector, as it has to make some big investment decisions on how demand for petrol and diesel will emerge over the next 15 to 20 years
8The website carries here a realistic estimate of how much gasoline demand can be replaced by electric vehicles in the future.
8The estimate is that India’s efforts may begin to displace around 15,000 to 20,000 b/d of gasoline demand around 2020, which is not a significant figure but the situation will change rapidly going ahead.
8The current thinking that the two largest non-OECD economies, China and India, are expected to account for 50% of the increase in oil demand to 2035 could be in for some dramatic change.
8The demand uncertainty for diesel and petrol is higher in India than in China.
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