Full Title: India at 2047: A Vision for Energy Independence in the Mobility Sector
Author(s): Akshima Ghate, Pranav Lakhina, Marie McNamara, Ramit Raunak, and Raquel Soat
Publisher(s): Rocky Mountain Institute
Publication Date: September 9, 2024
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Description (excerpt):
India has set a vision for energy independence by 2047, as part of the Atmanirbhar Bharat Abhiyaan (self-reliant India campaign). This, along with national goals such as achieving net-zero emissions by 2070, are setting a course for the country to transition away from a fossil-fuel based, import-reliant energy system to one of domestically produced, renewable sources. Since 18 percent of India’s current energy demand comes from the transport sector, ensuring that India transitions to a clean mobility system will be critical to achieving energy independence.
RMI’s India at 2047 report analysis indicates that to reach energy independence in the mobility sector, India would need to achieve 100 percent clean fuel vehicle sales penetration (primarily electric vehicles) in all vehicle segments by 2043. The analysis also demonstrates the significant impact of this transition, including reductions of:
– 91 percent of crude oil consumption in the road transport sector by 2047, demonstrating a cumulative savings of INR 160 lakh crore (US$1,923 billion);
– 57 percent of energy demand from the road transport sector in 2047; and
– 87 percent of carbon emissions from the road transport sector in 2047.