Insta
An electric bus operated by BEST in Mumbai (Goldstone buses)
The government would support manufacturing and sale of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India's GDP and job creation, Niti Aayog CEO Amitabh Kant said today (19 December).
He said in the long run, India must become a major manufacturer of automobiles, batteries and interoperable charging stations, and help reduce pollution in cities. This, he said, should be done in a manner that does not disrupt combustion vehicle manufacturing.
"We would like to support electric vehicles by providing vast range of initiatives such as lower road taxes.”
"And the government will act as a catalyst so that automobile sector continues to play a major role in India's GDP and job creation as well as in exports," he said at an event organised by industry body Assocham.
Kant pointed out that today, automobile along with automobile component industry is one of the key drivers of India's economic growth, contributing 7.2 per cent to the GDP.
Citing several studies, Kant said by 2027-28, the cost of EV battery will come down from $273 per kWh to $73 per kWh even without taking Indian demand into consideration.
"If you take Indian demand into consideration, then it will come down to $60 per kWh," he noted.
Niti Aayog in a recent report had estimated that accelerated adoption of electric and shared vehicles could save $60 billion in diesel and petrol costs by 2030.
According to Piyush Goyal, who held power portfolio till recently, India aims to become 100 per cent e-vehicle nation by 2030. PTI
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest