Even though India aspires to sell only electric vehicles by 2030, it still sees gasoline and diesel consumption doubling over that period. The two ideas may not be contradictory.
Electric vehicles will take time to become affordable enough for price-sensitive Indian masses, according to the country’s energy forecaster. During that time, gasoline and diesel vehicles will remain the mainstay as cars and scooters sold in the next few years will stay roadworthy for at least a decade after.
“The government is only aiming for 100 percent electric vehicles sales by 2030,” Suresh Sivanandam, the Singapore-based head of Asia refining research at Wood Mackenzie, said in an email. “We should still see gasoline demand growing until 2030 but the pace of the growth slows down beyond 2030.” Read More