'Almost $1.3 trillion EV opportunity for emerging mkts, India at forefront'

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'Almost $1.3 trillion EV opportunity for emerging mkts, India at forefront' - Business Standard

Quick Summary:

The report reveals that the cost of owning an electric vehicle is lower than that of internal combustion engine counterparts in India.

Souleymane Ba, partner and co-head of climate investment strategy, LeapFrog Investments, stated that they have identified a $1.3 trillion opportunity for private markets and the impact investment community to reshape the future of global transportation.

Steve Howard, vice chairman, sustainability, Temasek, said that the technology improvements and business innovation in emerging Asia’s EV sector, “when coupled with enabling policies and substantial investments, hold tremendous promise for transformative impact at pace and at scale”.