Deloitte's Vision for India's Green Mobility Revolution
Key Ideas
  • Transition to non-ICE vehicles like CNG, LPG, biofuel, green hydrogen, and EVs seen as crucial for reducing import bills and achieving sustainability.
  • India imported 232.5 million metric tonnes of crude oil in FY 2023-24, highlighting the need for self-sufficiency in fuel production.
  • Deloitte's report at ETAutoTech Summit 2024 aims for carbon neutrality by 2070 and greenhouse gas reductions by 2045, emphasizing the importance of internal and external targets.
  • The report also addresses the vehicle afterlife sustainability, providing solutions for recycling and components reuse.
Deloitte's report presented at the ETAuto Tech Summit 2024 outlines the necessity for India to shift towards green mobility to achieve sustainability. The report emphasizes the need to transition from Internal Combustion Engine (ICE) vehicles to alternative fuel options such as Natural Gas (CNG), Liquified Petroleum Gas (LPG), Biofuel, Green Hydrogen, and Electric Vehicles (EVs) to reduce import bills and enhance self-sufficiency in fuel production. India's heavy reliance on imported crude oil, with 232.5 million metric tonnes imported in FY 2023-24, underscores the urgency for the country to strengthen its economy by reducing import bills and promoting in-house fuel production. The report sets ambitious targets for India, aiming for carbon neutrality by 2070 and significant reductions in greenhouse gas emissions by 2045. Atul Jairaj from Deloitte India highlights the importance of both government and corporate entities setting internal and external targets to drive sustainability initiatives. Furthermore, the report provides insights into the afterlife sustainability of vehicles, addressing the need for effective recycling and component reuse post-usage. By focusing on solutions for the entire lifecycle of vehicles, including their end-of-life stages, the report aims to promote long-term sustainability in the automotive sector. Overall, the report envisions a comprehensive energy transition in India towards cleaner and more sustainable mobility solutions, with a particular emphasis on reducing import dependency, setting ambitious environmental targets, and ensuring sustainable practices throughout the vehicle lifecycle.
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