India Tells State Banks to Use EVs, Video Calls to Cut Fuel Use

India’s state-run banks have been directed by the government to use video conferencing facilities for meetings and limit overseas travel to reduce fuel usage and preserve foreign exchange reserves.

All state-run financial entities including banks and insurance companies have also been asked to hire electric vehicles to the extent possible, while transitioning their existing petrol-and-diesel-powered vehicles to an electric fleet in a phased manner, according to a document seen by Bloomberg News.