India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrical cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrified cars in 2030, compared with the almost 1.Three million on the road worldwide in 2015, the agency said in an emailed response to questions. The aim also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enlargening oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by electro-therapy as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to shove request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrified vehicles if it wants to achieve its purpose, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrical vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrical vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrical vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrical or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrified cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrified cars in 2030, compared with the almost 1.Trio million on the road worldwide in 2015, the agency said in an emailed response to questions. The purpose also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enhancing oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by tens unit as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to shove request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrical vehicles if it wants to achieve its purpose, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrified vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrified vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrified vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrified or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrical cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrical cars in 2030, compared with the almost 1.Trio million on the road worldwide in 2015, the agency said in an emailed response to questions. The objective also equals ten percent of the two thousand thirty target for electrified vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enlargening oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by violet wand as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to shove request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrical vehicles if it wants to achieve its objective, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrical vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrical vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrical vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrical or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrical cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrified cars in 2030, compared with the almost 1.Three million on the road worldwide in 2015, the agency said in an emailed response to questions. The purpose also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enlargening oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by electro-therapy as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to thrust request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrical vehicles if it wants to achieve its aim, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrified vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrified vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrified vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrified or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrical cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrified cars in 2030, compared with the almost 1.Trio million on the road worldwide in 2015, the agency said in an emailed response to questions. The aim also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enlargening oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by tens unit as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to thrust request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrical vehicles if it wants to achieve its aim, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrical vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrical vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrical vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrical or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrified cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrical cars in 2030, compared with the almost 1.Three million on the road worldwide in 2015, the agency said in an emailed response to questions. The objective also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enlargening oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by electro-therapy as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to shove request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrified vehicles if it wants to achieve its objective, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrical vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrified vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrified vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrical or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty
India s two thousand thirty All-Electric Car Target Seen `Ambitious by IEA
India’s two thousand thirty All-Electric Car Target Seen `Ambitious’ by IEA
India’s potential plan to sell only electrical cars by the end of next decade would require almost eight times the global stock of such vehicles, according to the International Energy Agency.
The country would need to sell more than ten million electrical cars in 2030, compared with the almost 1.Trio million on the road worldwide in 2015, the agency said in an emailed response to questions. The objective also equals ten percent of the two thousand thirty target for electrical vehicles on the road globally agreed to in the Paris climate talks.
While the details are yet to be worked out, “it is an ambitious plan nonetheless,” the IEA said. “Regardless, the exact formulation of the target and the extent of its long-term achievement, it is a good step that will help India to be among the global leaders in deploying a technology that is crucial to temper enhancing oil import needs, local air pollution in cities, and limit CO2 emissions.”
India’s fast-growing economy and rising urbanization has set it on course as a key driver of global energy growth in the coming decades. A group of ministers has been directed to ensure that by two thousand thirty almost all vehicles in the country are powered by electric current as a way to cut oil imports and pollution, according to a government statement in March citing Power Minister Piyush Goyal. The idea is that not a single gasoline or diesel car should be sold in the country by then, the Press Trust of India reported Goyal as telling.
“These are the types of ambitious targets that drive transformations,” said Clay Stranger, director at U.S.-based Rocky Mountain Institute, which has ready a report on India’s mobility sector with the government’s policy think tank NITI Aayog.
While reaching the target would chop almost ten percent of India’s two thousand thirty forecast oil use, the country would remain a key center of global consumption growth, 2nd only to China, as road freight transport, petrochemicals and the residential sector proceed to thrust request higher, the IEA said.
Infrastructure Hurdles
The government would need to build more charging points and lower the cost of electrified vehicles if it wants to achieve its objective, according to Tushar Bansal, director at energy consultant Ivy Global Energy Pte.
“The electrified vehicles today can only go a limited distance before requiring recharging,” Bansal said. “Because of the number of infrastructural additions and switches required, substituting gasoline cars with electrical vehicles is expected to be a longer drawn-out affair as the market will take time to adjust.”
India had close to Five,000 electrified vehicles on the road by the end of last year, according to the IEA. That compares with the more than three million passenger vehicles sold in the country in the year ended March 31, according to data from the Society of Indian Automobile Manufacturers.
Companies  including Mahindra & Mahindra Ltd., Volvo Cars, BMW AG and Toyota Motor Corp. sell electrical or hybrid cars in India. Mahindra offers its e2O Plus in Delhi at 626,387 rupees ($9,724), not including taxes, according to its  website. The cheapest gasoline powered car can be bought for about a third of that.
— With assistance by Debjit Chakraborty