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An INR9 lakh crore lure could make India go back on its EV pledge

India could save on forex if it imports lithium rather than oil. But that will be easier said than done. The heavy dependence of state coffers on petroleum taxes will make it tough for the Centre to tweak its energy mix.
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23 Jul 2019 8 Mins Read 0 comment
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Can India run its vehicles on electricity by 2030? The answer might begin with a long, stony silence followed by lots of ifs and buts. Now, rephrase the question. Is India ready to forego oil revenues, inevitable with the mass migration to battery-run electric vehicles (EVs)? This time, the answer will be prompt — it’s not
to estimates, five years ago, when the pollution wasn't this bad, this amounted to USD55 billion or 0.9% of the GDP. Given the government collects taxes on almost all our output, this may impact its revenues as well. But then, some policies must go beyond revenue and fiscal prudence. EV could be one. ( Graphics by Abdul Shafiq)
Can India run its vehicles on electricity by 2030? The answer might begin with a long, stony silence followed by lots of ifs and buts. Now, rephrase the question. Is India ready to forego oil revenues, inevitable with the mass migration to battery-run electric vehicles (EVs)? This time, the answer will be prompt — it’s not to estimates, five years ago, when the pollution wasn't this bad, this amounted to USD55 billion or 0.9% of the GDP. Given the government collects taxes on almost all our output, this may impact its revenues as well. But then, some policies must go beyond revenue and fiscal prudence. EV could be one. ( Graphics by Abdul Shafiq)

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