Electric vehicles to save 60 Doller bn in fuel costs by 2030

NEW DELHI. Niti Aayog CEO Amitabh Kant is taking no chance in promoting the adoption of electric vehicles (EVs). With oil prices perennially increasing, awareness about ecology and atmosphere being discussed and steps being taken to implement clean energy drive, he says India faces the challenge of not wasting anymore time in adopting measures that would reduce the dependence on diesel and petrol. 

 

In its annual report, India Leaps Ahead: Transformative Mobility Solution, NITI Aayog and Rock Mountain Institute specify that, “Accelerated adoption of electric and shared vehicles could save $60 billion in diesel and petrol costs while cutting down as much as 1 gigatonne (GT) of carbon emissions for India by 2030.” 

 

It estimates that the country could save upto 64% of anticipated passenger mobility-related energy demand and 37% of carbon emissions by 2030. At current oil prices this would translate to a saving of approximately Rs 3.9 lakh crore by 2030.