On March 27, 2015, Prime Minister Narendra Modi set a target for 50% reduction in crude oil imports by 2030. This target got shot in the arm, when a year later, on March 26, 2016, Minister for Power, Coal, New and Renewable Energy, Piyush Goyal set a further goal to make India run on 100% e-vehicles by 2030. But to achieve these entwined goals, a coherent policy, largely driven by the National Electric Mobility Mission Plan 2020, is needed to significantly curb the oil dependence faced by the transport sector. This sector, being the key driver for Indian economy, is the second highest energy consumer after the industry and the single largest consumer of petroleum products. However, international markets, flooded with cheaper oil, continue to tests government’s renewed vigor to travel through e-highway
http://southasiamonitor.org/detail.php?type=emerging&nid=16912
No comments:
Post a Comment