India's transition to electric and connected mobility system can save $330 billion: Report
Even under a shared mobility paradigm, over 46,000,000 vehicles could be sold by 2030, said the report. The country’s transition to a shared, electric and connected mobility system can save $330 billion by 2030 on avoided oil imports alone, a report by Ficci-Rocky Mountain Institute said 21 November. The report said overcoming key barriers to vehicle electrification in the country’s passenger mobility sector presents an enormous challenge for India and also a tremendous economic opportunity. “India can leapfrog the western mobility paradigm of private-vehicle ownership and create a shared, electric and connected mobility system, saving 876 million metric tons of oil equivalent, worth $330 billion and 1 giga-tonne of carbon-dioxide emissions by 2030,” it said.
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