What has been the impact of ethanol blending?
India's ethanol blending initiative, particularly the introduction of E20 petrol containing 20% ethanol, has sparked varied reactions among petrol vehicle owners and raised environmental concerns regarding sugarcane dependence. The U.S. has also taken note of India's expanding ethanol economy, reflecting on its implications for global markets. As the country navigates these changes, the slower adoption of electric vehicles (EVs) compared to other major economies remains a significant challenge.