Each India and China rely closely on imported oil and are uncovered to shocks in West Asia. However as crude costs surged practically 67% inside a month, the impression on their transport sectors was not the identical. Whereas China’s speedy shift to electrical autos has lowered its reliance on fossil fuels, India’s transport sector stays overwhelmingly depending on petrol and diesel. From EV adoption and complete automobile inventory to charging infrastructure, the hole is stark.
