Highlights

• EVs and ICE vehicles are compared based on multiple criteria
  
• Life cycle cost, imports, tax revenues, jobs, emissions are each lower with EVs
  
• Tax revenues from fossil fuels amount to over 10% of Indian government expenditure
  
• Each ICE vehicle generates over 6X greater taxes over its life relative to an EV
  
• Carbon tax can help offset but a portion of the losses in fuel tax revenues