ECONOMYIndia eyes 20% ethanol-blending with petrol by FY24: Piyush...

India eyes 20% ethanol-blending with petrol by FY24: Piyush Goyal

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Commerce and Industry Minister Piyush Goyal on Friday said that India has set a target of 20% ethanol-blending with petrol by 2023-24 and the ultimate goal is to have 100% ethanol-run vehicles. At a CII event, he said battery technologies are going to be very important for sustainability and for that, the country is investing heavily on batteries now.

“By 2023-24, India is going to be 20 % blending ethanol in our petrol products. Our ultimate target is to also have vehicles which can take up to 100 % ethanol,” Goyal said.

The minister said electric car users will be encouraged to recharge their batteries using renewable energy or solar energy during day hours, for which “we are looking at a big rollout of charging stations across gas stations in the country”.

From an overall renewable energy target of 175 GW by 2022, India is now looking at 450 GW by 2030, Goyal added.

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