Oil price rise gives EVs a big boost

INSUBCONTINENT EXCLUSIVE:
programme that aims to reduce oil imports, cut emissions and boost energy security. The government is already giving a big push to
economic growth
Officials said the government was on track to increase the use of battery powered vehicles, but analysts said it was time review policies on
together
On the other hand, the infrastructure needed often gets underestimated
Without scale, the ecosystem will not develop, and so an aggressive government programme is key to achieving real benefits of
Vehicles (FAME) aims to get 6-7 million electric vehicles on the roads by 2020. A study conducted by Niti Aayog shows that India would need
nearly 1.6 billion metric tonnes of oil equivalent of petrol and diesel to fuel its passenger mobility sector from 2017-2030
Rs 44 lakh crore over the period 2017-2030
Assuming India continues to import 80 per cent of its oil, this could represent a total import bill of roughly $550 billion or Rs 36 lakh
battery cells
nearly Rs 17 lakh crore worth of petrol and diesel, this would still represent an import saving opportunity of Rs 4 lakh crore for India, it
said
Tata Motors and Mahindra Electric last year bagged tenders for supply of 10,000 e-cars
A same size tender was floated by EESL in March.