India's transport future balances fossil fuels and clean technology

Quick Summary:

The study says that natural gas will dominate fossil fuel demand, gradually replacing petroleum products.

According to the projections, the number of on-road vehicles in India will increase fivefold, from 204 million in 2019-20 to 966 million by FY71.

In contrast, the share of four-wheelers will rise from 21 per cent in FY31 to 33 per cent in FY51 and 36 per cent by FY71.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Transport Fossil fuel Clean energy Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 23:24:18 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23894514

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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