To achieve India’s energy security and climate change goals, the country needs to broaden its horizon to take a more holistic and systemic approach to the impact of products on CO2 emissions, Vikram said. Kirloskar, vice president of Toyota Kirloskar Motor (TKM). .
Addressing the 61st annual SIAM convention on August 25, he said that a “life cycle” impact assessment of all products is essential to create a “well-to-wheel” environment.
“This will help us address the entire value chain as well as efforts to reduce, reuse and recycle materials,” he said. “The country needs to focus on improving energy efficiency as we do for fossil fuel substitution. In addition, it is important to harness all technologies as a catalyst, constantly evolving and a means to the end. “
Regarding the future of mobility, Mr. Kirlosakar said: “For a faster transition to sustainable mobility policies, the country should promote energy efficiency as a basis for determining product taxation, that is – say by adopting a merit-based tax structure that encourages consumers to choose more energy-efficient devices, gadgets and vehicles, which were otherwise more expensive due to higher technological costs.
India has set itself the goal of becoming “energy independent” by 2047.