Addressing a seminar here, Kamsvag said Norway being a leading player in terms of green transport solutions has the potential to offer a lot of insight regarding the vertical.
"Right now, over one third of all new cars sold in Norway are electric vehicles. Valuable lessons for India and Indian companies may be drawn from understanding customer behaviour in such a market," Kamsvag said.
He said that besides having set a target of 100 per cent EV fleet by 2030, the country should also look at similar kind of target for its shipping fleet.
"We believe India should set a similar target for their shipping fleet. The switch from fossil fuels to electric power will be beneficial for India's energy security, Indian manufacturing, local air pollution and the reduction of greenhouse gases," Kamsvag said.
India's shipping fleet currently accounts for over 1,200 vessels. Similarly, the number of vehicles on the country's roads is set to grow from over 160 million to over 550 million in 2030.
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