By 2030, India to save $60 billion through use of electric vehicles

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India can save $60 billion on diesel and petrol costs if use of electric and shared vehicles increases. This will also result in reducing more than 1 gigatonne (GT) of carbon emissions by 2030, says a joint report released today by Niti Aayog.

The report, ‘India Leaps Ahead: Transformative Mobility Solution’, produced by NITI Aayog and Rock Mountain Institute, estimates that India can conservatively save up to 64 per cent of anticipated passenger mobilitity-related energy demand and 37 per cent of carbon emission by 2030, reported The Economic Times.

Releasing the report, NITI Aayog CEO Amitabh Kant said whether ones likes it or not electric vehicles (EVs) will happen in India and this is inevitable.

“The challenge is how we do it quickly. How do we do it to scale and size,” he said.

Stressing that the government is fully committed to driving this electric vehicles programme, Kant said EVs will come into India in a big way in about a decade’s time.

“But challenge is if we delay it then we will end up importing batteries instead of oil and it will be difficult for us to take leadership,” he cautioned.

He also pointed out that quick volume alone will enable India EVs programme to succeed.

“And therefore aggregation of demand on a large scale is important. It’s important that government drives it by focusing on government vehices and public vehicles,” Kant said.

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