GK and monthly revision

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is set to replace 35 lakh petrol vehicles with electric vehicles (EVs) by 2030, according to a report by SBI. This transition is expected to reduce crude oil import costs by Rs 1 lakh crore if EVs capture 20% of the market share. The ongoing conflict in West Asia has expedited this shift towards EVs, highlighting the urgent need for expanded charging infrastructure to support this green mobility initiative. This development is crucial for India's economic strategy and energy independence.