Highlights

  • Automakers may resort to selling polluting models in Africa, Asia & South America: Carbon Tracker
  • Africa spends $80 billion a year on importing transport fuels
  • Asia & South America can save over $100 billion a year via EV adoption

Latest news

Pakistani official declared persona non grata, told to leave India within 24 hours

Pakistani official declared persona non grata, told to leave India within 24 hours

CBSE class 10 results: Over 93 pc students pass exam, girls outperform boys by over 2 pc points

CBSE class 10 results: Over 93 pc students pass exam, girls outperform boys by over 2 pc points

3 Terrorists Killed In Encounter In Jammu And Kashmir's Shopian

3 Terrorists Killed In Encounter In Jammu And Kashmir's Shopian

Uttarakhand CM Dhami visits Latu Devta shrine on Buddha Purnima, prays for state's welfare

Uttarakhand CM Dhami visits Latu Devta shrine on Buddha Purnima, prays for state's welfare

Uttarakhand CM Dhami lauds PM Modi’s strong stance on countering terrorism

Uttarakhand CM Dhami lauds PM Modi’s strong stance on countering terrorism

Uttarakhand ranks 2nd in financial performance among small states

Uttarakhand ranks 2nd in financial performance among small states

Operation Sindoor: Need heightened vigilance against 'urban naxals', says UP CM

Operation Sindoor: Need heightened vigilance against 'urban naxals', says UP CM

UP govt says 'neutralised' 230 criminals, dismantled terrorist sleeper cells in 8 years

UP govt says 'neutralised' 230 criminals, dismantled terrorist sleeper cells in 8 years

Electric Vehicle Transition: India, Australia in danger of becoming dumping grounds for polluting cars

The Carbon Tracker report has mentioned that Asia and South America together could save over $100 billion a year on fuel imports by adapting policies that would aid transition to EV

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      Electric Vehicle Transition: A new report by London-based think-tank Carbon Tracker has revealed that nations that are slow in adapting to electric vehicle are at a major risk of accumulating used gasoline based cars.

      Senior automotive analyst at Carbon Tracker, Ben Scott wrote in the report that automakers may resort to selling older, polluting models in Africa, Asia and South America as China, North America and Europe are phasing out internal combustion engine vehicles.

      Countries with weak decarbonisation target

      The report has identified India, Australia, Thailand, Turkey, Indonesia, Malaysia, Russia and South Africa as the countries with weak or no targets to decarbonise cars. As the momentum to use recycled materials for battery production is rising in some places, it would be difficult for many of the countries to to import second-hand EVs from them.

      Also Read: Tesla plans to double Indian component imports: Piyush Goyal

      Scott also mentioned that the financial burden of imports on developing nations will also get worse without clear goals to end sales of gasoline vehicles. For Instance, Africa spends $80 billion a year on importing transport fuels, accounting for 2.5% of its gross domestic product.

      The report also mentions that Asia and South America together could save over $100 billion a year on fuel imports and reduce trade deficits through policies that aid EV adoption.

      Steps to aide energy transition

      The Carbon Tracker report also lists down the steps that the governments have to take for the EV transition. It says, government should incentivise the shift with policies such as import bans and age restrictions on used cars, emission limits and the removal of tariffs on EVs. Increasing domestic production and recycling of EVs are also crucial steps to cut transport emissions.

      The report further mentions that, accelerating the switch to battery-powered vehicles will open up economic opportunities ranging from mineral mining and manufacturing to sales, infrastructure and recycling for developing markets

      कोरोना वायरलदेश में कोरोनाकोविड-19Covid +veभारतसंक्रमित

      ADVERTISEMENT

      Up Next

      Electric Vehicle Transition: India, Australia in danger of becoming dumping grounds for polluting cars

      Electric Vehicle Transition: India, Australia in danger of becoming dumping grounds for polluting cars

      Global stock market indices: How the world markets performed today - 05 May 2025

      Global stock market indices: How the world markets performed today - 05 May 2025

      Indian stock market sector-wise performance today - May 5, 2025

      Indian stock market sector-wise performance today - May 5, 2025

      NSE Nifty 50: Top 5 stock losers of May 5, 2025

      NSE Nifty 50: Top 5 stock losers of May 5, 2025

      Top 5 Nifty 50 gainers today – May 5, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – May 5, 2025: Biggest stock moves

      Global stock market indices: How the world markets performed today - 02 May 2025

      Global stock market indices: How the world markets performed today - 02 May 2025

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      Indian stock market sector-wise performance today - May 2, 2025

      Indian stock market sector-wise performance today - May 2, 2025

      NSE Nifty 50: Top 5 stock losers of May 2, 2025

      NSE Nifty 50: Top 5 stock losers of May 2, 2025

      Top 5 Nifty 50 gainers today – May 2, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – May 2, 2025: Biggest stock moves

      Majority of iPhones sold in US will be made in India in June quarter: Apple CEO

      Majority of iPhones sold in US will be made in India in June quarter: Apple CEO

      Sensex, Nifty surge in early trade on hopes of India-US trade deal, FII buying

      Sensex, Nifty surge in early trade on hopes of India-US trade deal, FII buying

      Global stock market indices: How the world markets performed today - 01 May 2025

      Global stock market indices: How the world markets performed today - 01 May 2025

      Indian stock market sector-wise performance today - May 1, 2025

      Indian stock market sector-wise performance today - May 1, 2025

      Top 5 Nifty 50 gainers today – May 1, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – May 1, 2025: Biggest stock moves

      Global stock market indices: How the world markets performed today - 30 April 2025

      Global stock market indices: How the world markets performed today - 30 April 2025

      Indian stock market sector-wise performance today - April 30, 2025

      Indian stock market sector-wise performance today - April 30, 2025

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.