It added that electric buses deployed through 2030 would account for 334 billion vehicle kilometers travelled over their lifetime New Delhi: Electric Vehicles (EVs) sold in India through 2030 can save 474 million tonne of oil equivalent, worth Rs 15.2 lakh crore over their lifetime, according to a recent report by NITI Aayog and Rocky Mountain Institute (RMI). “This would result […]
FAME II can save 5.4 mt oil: NITI Aayog report
Vehicles eligible under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme can cumulatively save 5.4 million tonnes of oil equivalent over their lifetime, worth ₹17,200 crore, a study said on Friday. According to market estimates, in financial year 2018 electric two-wheeler sales almost doubled to 54,800 compared to the previous financial […]
India could achieve high penetration of electric vehicles by 2030: Niti Aayog
The report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver. India could achieve high penetration of electric vehicles (EV) by 2030 on the back of the success of FAME II and other measures, according to a Niti Aayog report. The penetration of EV vehicles could reach around 80 […]
