India Has Potential To Become Leader In Electric Vehicle Production: Report
India has the potential to become the world leader in electric vehicles' production, a research by Berkeley National Laboratory and UCLA said, underlining that making the transition from diesel-fuelled trucks to electric-charged will enable the country to meet the goal of net-zero greenhouse gas emissions by 2070.
India imports 88 per cent of the oil it uses and of the total petroleum consumed by the country's transport sector, nearly 60 per cent used by freight trucks.
A study by the Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) and University of California, Los Angeles (UCLA) on Monday revealed that electric trucks would be more affordable to operate than diesel and India could become a world leader in producing electric vehicles.
The transition will also help India reduce its reliance on imported oil, improve the air quality, and meet the goal of net zero greenhouse gas emissions by 2070, the study said.
"Electric trucks would be instrumental in enhancing India's energy security and reducing the goods transport cost," said Nikit Abhyankar, Berkeley Lab research scientist and author of the report "Freight Trucks in India are Primed for Electrification." Based on India's current grid emissions, electric trucks would reduce greenhouse gas emissions to nine per cent from 35 per cent per kilometer compared with diesel trucks, the report said.
"India has embarked on very ambitious electrification policies prior to this," said Deepak Rajagopal, an author of the report and a faculty scientist at Berkeley Lab and UCLA.
"We find that the time is now ripe to put targeted policies on trucking," Rajagopal said in a statement released by Berkeley Lab.
In related research published last year, Berkeley Lab scientists determined how battery-electric trains can deliver environmental justice, cost-savings, and resilience to the US.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
