The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the country's long-term fuel needs as refiners in Asia's third-largest economy hasten their shift away from oil production
India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating.
"We were anticipating that peak gasoline demand will be around 2040-2045 earlier, but going by the trend and the speed with which we are developing the ecosystem around EVs, the peak demand would be mid-2030s," Debasish Mishra, Partner, energy, resources and industrials, Deloitte India told Reuters. He expects diesel demand to peak around the same time as petrol.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD Price Analysis: 1.0950 continues to be eyed as key into critical US dataAs per the prior day's analysis, EUR/USD Price Analysis: Bears in play while below 1.0950, and the pre-open analysis at the start of this week, the eu
Weiterlesen »
First Mover Asia: Bitcoin Seesaws Above and Below $23K AgainBitcoin clambered over $23K for the third time in four days before falling back to $22.6K. Still, the largest crypto in market value is up more than 30% this year. JPRubin23 reports
Weiterlesen »
NZD/USD Price Analysis: Classic case of cup-and-handle highlights 0.6535 as the key hurdleNZD/USD Price Analysis: Classic case of cup-and-handle highlights 0.6535 as the key hurdle NZDUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Weiterlesen »
EUR/GBP Price Analysis: En route 0.8860 hurdle during four-day uptrendEUR/GBP picks up bids to 0.8845 as bulls poke intraday high, as well as the weekly top, heading into Wednesday’s European session. In doing so, the cr
Weiterlesen »
EUR/USD Price Analysis: Fades bounce off 200-HMA amid bearish RSI divergenceEUR/USD Price Analysis: Fades bounce off 200-HMA amid bearish RSI divergence EURUSD Technical Analysis SwingTrading RelativeStrength ChartPatterns
Weiterlesen »
Asia travel hotspots quiet as Chinese tourists stay awayCHIANG MAI, Thailand (AP) — Just a handful of Chinese visitors were posing for photos and basking in the sun this week in the market and plazas near Chiang Mai’s ancient Tha Phae Gate, one of many tourist hotspots still waiting for millions of Chinese travelers to return.
Weiterlesen »