The Economic Times

Indias EV push could slash annual oil and battery import bill by $125 billion by 2050: Study

India has the potential to save as much as USD 125 billion every year by 2050 through a swift transition to electric vehicles. The savings from reduced import costs significantly eclipse battery costs. Accelerating the shift towards electrification mitigates the impact of global crude oil price volatility and boosts self-sufficiency.