Re: E-scooters to make up 20% of 2-wheeler segment by FY2023 Quote:
Originally Posted by fhdowntheline Yes, there is money saved elsewhere on import of petroleum, but will that money be efficiently utilized for optimizing energy output? Or will it again go into the ever deepening morass of populist freebies ? |
Politely disagree because I am sure India would rather prefer what you call 'populist freebies' over fattening sheikhs and oligarchs of some distant geography. Whether or how the money is efficiently utilised becomes a political argument and doesn't hold place on this thread. What we can agree on is that there's a saving to be made.
India spent $119.2 billion in 2021-22 importing crude (April 2021 to March 2022), up from $62.2 billion in the previous fiscal year. This fiscal year this is highly likely to touch $150 billion+. That is massive amount of outflows any which way one looks at it. We are being held hostage by the whims and fancies of OPEC+.
Therefore without digressing, my point is it's imperative that India finds domestic solutions for transportation energy solutions because importing oil is simply bleeding the nation. Rest assured we are far far more capable of generating more of our own electricity than producing domestic crude. India's domestic crude production has declined over the last decade and continues to do so. Quote:
Originally Posted by fhdowntheline India, like most countries is going through a flux of politico-economic changes, industrial output variations and climate fluctuations. Under the circumstances, reliable supply of energy is a prime requirement for stability and growth. I may be off the mark, but the combine of all the "alternative " sources doesn't seem to be enough to cater to peak demands. Amidst all this, loading the grid with E-vehicles, especially 2 wheelers would cause additional distortions. |
Let's be clear, we are the world's third largest electricity producer and have surplus power generation capacity. Our biggest challenge lies in adequate fuel supply, transmission and distribution infrastructure. Half of our electricity is generated from coal and we have our own coal reserves. We still do import coal and prices have shot up. India aims to increase its domestic coal production to 1.2 billion mt by 2023-24 to reduce imports, a near 75% rise from what the country produces currently.
We keep adding 4-5% additional capacity each year. Renewable energy (Solar, wind etc) + hydro + nuclear constitutes nearly 40% of our power generation. The government plans to establish renewable energy capacity of 523 GW by 2030.
Rest assured India has come leaps and bounds in generating electricity, today one can unequivocally say that we're good at it. Our transmission infrastructure keeps improving and no doubt there's a long way to go. Albeit this we can achieve on our own and we're less vulnerable to external factors.
Last edited by shortbread : 26th April 2022 at 08:15.
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