US Dept. of Energy, Lawrence Berkeley National Laboratory / by Nikit Abhyankar, et al.
[Axios] India aspires to have all new vehicles being sold by 2030 to be electric ones. A new study take a look at this goal…
Details: A recently published paper from Lawrence Berkeley National Laboratory finds the goal — which is “technically attainable” due to falling battery costs — would add only 6% to the country’s peak electricity demand.
Benefits include additional revenue for the nation’s power companies to the tune of roughly $10 billion annually, and lowering carbon emissions “significantly,” especially if the nation meets its renewable energy goals in the Paris climate deal (check out the “NDC” scenario in the chart above). It would also help smooth the integration of renewable electricity sources onto India’s grid, the paper finds.
Why it matters: India is the world’s third-largest greenhouse gas emitter behind China and the U.S., and policies that enable economic expansion without a surge in carbon emissions are key to slowing global warming.