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New data on EVs in India-II: Huge savings possible
Dec 04: New analysis suggests the following outcomes out of the fast proliferation of EVs:
8A 100 per cent15 EV nation is estimated to contribute 12 per cent of the INDC emission intensity reduction targets (33-35 per cent)
8Oil imports saved due to 100 per cent 2030 is USD60-70 billion annually
8Due to 100 per cent incremental EV adoption by 2030, the Indian economy is expected to save Rs 5-6 lakh crores.
8These savings are net of power costs incurred less the oil purchase costs.
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