India Can Save Rs 4.15 Lakh Crore Per Year On Oil Imports Starting 2030 Says CII
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The promotion of electric vehicles in India has been in full swing for the past few years. Several Indian authorities are to be thanked for this. This encouragement towards electric drivetrains, however, can further be propelled through additional measures, says CII (Confederation of Indian Industry) in a recent statement.
CII also stressed on the domestic manufacturing of electric vehicles, their batteries and components for this, further complemented by a strategic sourcing of key raw material required for the production. In the case of electric vehicles, these raw materials would largely mean lithium and cobalt, used for the batteries of EVs.
“Effectively managing energy use with growth and reducing India’s oil intensity; developing high-grade energy infrastructure; ensuring an environmentally sustainable future and promotion of clean air and electric vehicles have been carved out as key work areas for CII this year,” CII President Vikram Kirloskar said.
(REPRESENTATIVE IMAGE: BCCL)
Source: indiatimes
tags:
India
