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Special Report
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ernment incentives, make them long term. The recent announcement geographical location, and individual
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relatively more cost-competitive of enhanced allocation of FAME-II by needs. With evolving fuel preferences
compared with petrol and diesel Rs. 1,500-crore is a positive step towards and government initiatives aimed at
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lower fuel costs, but is limited by of FAME-II are expected to accelerate scape to see a signifi cant transfor-
products through the major ports in India — a vital
annual trade data published by the Directorate General
station availability. The availability EV adoption in India by March 2024 mation by 2030.
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sales are expected to be EVs, while
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EVs offer instant torque and smooth Overall, the Indian automobile mar- are anticipated to capture 20-25% of
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vehicles might offer more power and CNG emerging as strong contenders to will be divided among traditional fuels
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evolving government policies and Further, it’s important to note that Policy and technological deve-
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168 Chemical Weekly April 23, 2024
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