Budget 2019: FM says India to lead world in transportation sector as e-vehicles, energy storage devices set to play major role

New Delhi: Finance Minister Piyush Goyal on Friday said India would lead the world in transportation sector, with electric vehicles (EVs) and energy storage devices set to play a leading role in the segment. [caption id=“attachment_4279247” align=“alignleft” width=“380”] Representational image. Reuters.[/caption] Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal also said the usage of such green technologies would help the country become self reliant in terms of energy requirements. “India will lead the world in transport revolution through electric vehicles and energy storage devices bringing down import dependence and ensuring energy security for our country,” Goyal said. When the country will not have to import fuel and gas from abroad, there will be rapid growth in sources of renewable energy, he added. “When people will start using electric vehicles, I am sure it will save foreign currency and nation would become self reliant,” the minister said. E-vehicle sales in India are expected to be 30 percent of total sales by 2030. According to Niti Aayog estimates, e-vehicles sales are expected to touch around 25.36 million units in India in 2030. However, around 59.17 million units will continue to be powered by internal combustion engines (ICEs).     To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day. To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.