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The Economic Times

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Indias fuel demand to keep climbing until 2034 despite EV boom

By 2034, India's road fuel demand is projected to exceed 2.5 million barrels per day, fueled by a rise in vehicle numbers and a surge in commercial transportation. While electric vehicles are expected to gain popularity, particularly in the two-wheeler and three-wheeler markets, a robust charging infrastructure investment of around $29 billion will be crucial by 2040.

13 Nov 2026 3:55 pm