Economy · India
EV adoption could save India Rs 1 lakh crore in oil imports by 2030
An SBI Research report suggests India could save Rs 1 lakh crore on its fuel import bill by 2030 if electric vehicles (EVs) achieve a 20% market share. The report highlights a significant increase in EV registrations, partly driven by geopolitical events. It also stresses the necessity of expanding charging infrastructure to support this growth.
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- Centre (2): Telangana Today, The Times of India