India plans to sell only electric cars by 2030

Posted on Posted in 2017 Business Opportunities For You, Tech News, Technology, What's Trending Now

 

If you thought the US or Australia would lead the way in electric cars, think again. India’s government has laid out plans to ensure every car sold in India from 2030 will be electric.
 
Even electric car giant Tesla’s CEO Elon Musk tweeted on India’s plan, hours after quitting President Trump’s advisory board over his decision to leave the Paris Climate Agreement.

The bold idea is vital to reduce intensely harmful air pollution. India’s poor air quality reportedly contributes to 1.2 million deaths a year. India’s massive growth has seen it rise to become the third-largest oil importer, spending over $150 million annually for the black gold. The radical move to switch to electric cars would radically reduce India’s demand for the resource. The ambitious strategy could save the country $60 billion in energy costs by 2030. The costs to owners would also significantly decrease.

 

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The reduction in both cost and pollution are deemed to be enough of an incentive to make the switch. India’s Energy Minister Piyush Goyal says the initiative will be supported by the government financially for the first few years. But after that, the market will be driven by demand.
 
Plans to aggressively expand the number of electric cars on the road is just one of a number of ways India is trying to go greener. The government is also underway on major pushes to expand its solar energy capacity.

 
 
 

 

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