Energy crisis may accelerate EV uptake, boost ethanol blending

The global energy crisis caused by the West Asia conflict is likely to accelerate the adoption of electric vehicles (EVs) in India and fast-track government’s push to increase ethanol blending in petrol, according to industry executives and analysts.

- Ayaan Kartik

EV makers are offering buyers discounts to wean them away from ICE vehicles.

(BLOOMBERG)

Since the conflict began last month, sending crude oil prices soaring, EV makers such as Vietnam's VinFast and homegrown Ola Electric have offered discounts to wean consumers away from internal combustion engine (ICE) vehicles that run on diesel and petrol, with analysts saying the energy crisis could push fence-sitters towards EVs.