$1.3 trillion opportunity for EV revolution in emerging Asia, India holds the future: Report ...Middle East

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$1.3 trillion opportunity for EV revolution in emerging Asia, India holds the future: Report
Mumbai: The mobility sector in the emerging markets of South and Southeast Asia could absorb up to $1.3 trillion in green capital by 2030 and India holds the future, a new report said on Friday. In India, electric scooters and three-wheelers are currently around $40- $112 cheaper per year to own than petrol alternatives based on the total cost of ownership. The report, prepared by LeapFrog Investments, Temasek, Mahindra Last Mile Mobility Limited and Battery Smart, mentioned that 70 per cent of electric three-wheeler buyers in India are low-income, first-time buyers. Mobility emissions represent 10 per cent of total GHG emissions across Asia, but 25 per cent of Europe’s emissions and 30 per

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