{"id":383356,"date":"2020-11-10T08:40:47","date_gmt":"2020-11-10T03:10:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383356"},"modified":"2020-11-10T09:29:36","modified_gmt":"2020-11-10T03:59:36","slug":"30-ev-share-may-cut-oil-bill-by-rs-1-trn-but-hurt-tax-revenue-too-study","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/30-ev-share-may-cut-oil-bill-by-rs-1-trn-but-hurt-tax-revenue-too-study\/","title":{"rendered":"30% EV share may cut oil bill by Rs 1 trn, but hurt tax revenue too: Study"},"content":{"rendered":"<p>India could save on crude oil imports worth over Rs 1,07,566 crore ($14.1 billion) a year if electric vehicles (EVs) were to garner 30 per cent share of new vehicle sales by 2030, according to a study released today by the Council on Energy, Environment and Water (CEEW). But this transition could also give rise to a combined annual value-added loss in the oil and the automobile sector of about Rs 2 trillion ($25 billion). <\/p>\n<p>In addition, the central and state governments would lose over Rs 1 trillion in tax revenue annually from lower sales of petrol and diesel creating a need for the central and state governments reducing their dependence on revenues linked to petroleum consumption and diversify the revenue pool with increasing EV penetration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India could save on crude oil imports worth over Rs 1,07,566 crore ($14.1 billion) a year if electric vehicles (EVs) were to garner 30 per cent share of new vehicle sales by 2030, according to a study released today by the Council on Energy, Environment and Water (CEEW). But this transition could also give rise to a combined annual value-added loss in the oil and the automobile sector of about Rs 2 trillion ($25 billion). In addition, the central and state governments would lose over Rs 1 trillion in tax revenue annually from lower sales of petrol and diesel creating [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-383356","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383356"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383356\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}