India is poised to achieve energy independence in its mobility sector by 2047, according to a groundbreaking report released today by global non-profit RMI (formerly known as Rocky Mountain Institute). Titled India at 2047: A Vision for Energy Independence in the Mobility Sector, the report outlines a bold roadmap for the nation, emphasising the need for 100 percent clean fuel vehicle sales—predominantly electric—across all road transport segments by 2043.
The analysis underscores the transformative potential of this shift, projecting a 91 percent reduction in crude oil consumption within the road transport sector, translating to cumulative savings of Rs 160 lakh crore (US$ 1,923 billion). Additionally, the report estimates a nearly 14-gigatonne reduction in cumulative carbon emissions, marking an 87 percent decrease compared to the progress-as-usual scenario projected for 2047.
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Key recommendations from the report include the implementation of cohesive supply- and demand-side policies, the development of innovative financing mechanisms, and the promotion of a circular economy for electric vehicle (EV) batteries. These measures, according to the report, are essential for transitioning India to an electric, shared, and energy-independent mobility system.
The report paints a picture of a future where India’s mobility sector not only drives the nation towards energy independence but also contributes significantly to global sustainability efforts by drastically cutting down carbon emissions.
