Tesla CEO, Elon Musk took to Twitter to praise the Indian government's plans of selling only electric cars by 2030.
Elon Musk quoted a World Economic Forum report which outlined the government's interest in making the shift possible after a report put together by Greenpeace stated that a staggering 1.2 million deaths in the country were attributed to air pollution.
Musk who heads Tesla, had Anand Mahindra, the Executive Chairman of the Mahindra Group reply to his tweet inviting him to intensify the competition in India.
The report which contained a detailed breakdown of how bad the situation in terms of air pollution in the country is at the moment, provided the reasoning behind India's efforts towards a more sustainable future. The government is up to the task of transforming the market in 13 years. Coal and Energy minister, Piyush Goyal in the article stated that the government would support the initiative for the first couple of years with an aim of making the market self-sufficient thereafter.
Mahindra, which recently partnered with Ola and the Government of India to build an electric mass mobility ecosystem in Nagpur, is one of the few companies who has made its presence felt in the electric automobile market in the country.
The government announcement would delight environmentalists. However, the oil industry would take a massive hit if this were to happen. India is the world's third largest oil importer, spending about $150 billion on the resource every year.
Published Date: Jun 05, 2017 09:42 pm | Updated Date: Jun 05, 2017 09:42 pm