India Explores Incentives for Flex-Fuel Vehicle Adoption to Cut Crude Imports
business-standard.comThe Indian government is considering new fiscal incentives and fuel price supports to speed up the adoption of flex-fuel vehicles. This strategy aims to reduce reliance on imported crude oil by utilizing higher ethanol blends, specifically targeting the massive two-wheeler market. Recent milestones show India has already reached a 20 percent ethanol blending rate ahead of schedule. By expanding to E85 compatible vehicles, the government intends to lower carbon emissions and increase income for rural farmers who produce the necessary biofuels.
