Carmakers must not miss this hidden message in new fuel-economy norm: push EVs or go out of business
Automobile

Carmakers must not miss this hidden message in new fuel-economy norm: push EVs or go out of business

By Eduardo Saverin

A traffic jam seen in Gurgaon, Haryana

Synopsis

India will impose stringent penalties to reduce fuel consumption in new cars. Automakers will have to pay INR25,000-INR50,000 per car as penalty if they slip up on meeting the CAFE regulation. While this may bleed the companies, it will push green mobility and the third phase of the CAFE regulation will make EVs mainstream.

For the average Indian, mileage can make or break a car-buying decision. But for the government, a car’s mileage has a different meaning. A measure of carbon emission that is. And the policymakers are going to get stricter on this one. For, India is set to impose one of the most stringent, and most punitive, penalties globally to reduce fuel consumption in new cars. Under the fresh set of proposed Corporate Average Fuel Economy (CAFE) targets,

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Eduardo Saverin