India, EVs, And Global Outlook -- It's All About Coal -- December 24, 2022

My thesis:

• India will pivot to EVs, the market for ICEs in India will diminish over time.
• A reader's thesis: I'm wrong.

My thesis:

• natural gas, oil is too expensive for countries like India
• natural gas, oil is for the "elite"
• not enough global natural gas for the US, Europe, China, India. Something has to give;
• only alternative for countries like India: EVs
• only viable fuel source for electricity for counties like India: coal
• not North American natural gas

See this post for links. 

Screenshots: 

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India

To acquire coal mines overseas to get around new laws. Link here. Also: India: looking to acquire foreign coal mines;  

EW DELHI : A parliamentary panel has recommended to the Union government and Coal India Ltd (CIL) to scout for coal mines abroad for potential acquisitions as the country looks to secure its energy needs amid global geopolitical tensions.

In its latest report, the parliamentary standing committee on coal, mines and steel noted that CIL had acquired blocks in Mozambique, but surrendered the licences in 2016 due to lack of cost effectiveness. 

Noting that currently, the state-run coal miner is not pursuing acquisition of any coal block overseas, the committee, chaired by member of Lok Sabha, Rakesh Singh said: “CIL can still pursue overseas acquisition of coal blocks after detailed study and analysis of the blocks especially low ash coking coal which is not abundantly found in the country and import is the only option left. The committee is of the firm opinion that this will not only reduce import but also open new avenues of mining abroad."The committee asked the coal ministry to apprise it of developments with regard to CIL’s acquisition plans.

The suggestion comes on the backdrop of a severe supply crunch in April-May when India had to increase its coal imports despite high international prices as the country battled a power crisis. India has also ramped up its domestic coal output and it may touch 900 million tonne this fiscal year.

With rising domestic production and high imports this year, the government seems to be confident to meet the power demand in the peak demand season of April-May 2023.

India techies in the driver's seat:

Mahindra:

Stellantis:

Tata:

Cheaper than Teslas:

The moped class: