Alternative fuels like CNG, hybrids, and EVs accounted for 40.59% of India's passenger vehicle retails in July, narrowing the gap with petrol to 1.09 percentage points, driven by record overall auto sales.
The Cruise Lines International Association (CLIA) supports the European Commission's proposed revision of the EU Emissions Trading System (ETS) for the maritime sector, seeing it as a framework that can accelerate decarbonization, strengthen European industrial competitiveness, and preserve connectivity by reinvesting revenues into infrastructure and alternative fuels.
India, the world's third-largest crude consumer, is advancing alternative fuels like ethanol from corn and biogas from animal waste to bolster energy security against rising global oil prices and potential Russian supply curbs. The country mandated 20% ethanol blending in petrol, but faces public backlash over vehicle damage concerns.
Petroleum Minister Hardeep Singh Puri stated that E25 (petrol with 25% ethanol) is currently only being tested and no decision has been made regarding its rollout. He emphasized that scientific studies and stakeholder consultations will precede any decision, dismissing ongoing speculation.
India's auto sector experienced significant growth in June, with passenger vehicle sales up 28.63% and the overall industry rising 21.83%. Alternative fuel vehicles, including EVs, saw a remarkable 40.35% increase. Rural areas outperformed urban centers in passenger vehicle sales.
India is expanding its ethanol fuel network, aiming for 5,000 dispensing stations by 2027 to reduce reliance on imported fossil fuels. The initiative, launched with Maruti Suzuki's flex-fuel car, also promises economic benefits for farmers and forex savings.
