Beyond the barrel: Why ICE vehicles are an economic and energy liability for India
India, May 16 -- Amidst West Asian tensions, Strait of Hormuz supply disruptions, and oil price volatility, Prime Minister Narendra Modi has framed this moment as a catalyst for India's energy independence. He advocated for mass EV adoption and a shift to public transit, calling for industry action and public support to mainstream these choices.
The recent surge in petrol and diesel prices has triggered significant consumer anxiety, exposing the financial fragility of oil-dependent households. This is the "moment" to transform austerity advisories into a decisive roadmap. The current oil crisis challenges India's strategy of treating internal combustion engine (ICE) vehicles-including biofuels and hybrids-as acceptable "bridge technologi...
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