New electric vehicle policy to be ready by December

New electric vehicle policy to be ready by December New Mahindra e2o Plus
author image Pratheek Kunder
Thursday 18 May 2017, 18:16 PM

The Government of India looks to be serious about curbing the rising pollution levels in the country. It plans to release its new electric vehicle policy by December.

New electric vehicle policy to be ready by December

This news was confirmed by Nitin Gadkari, Union Minister, Ministry of Road Transport and Highways. The recommendations have been submitted to the cabinet secretary and the draft plan will be ready soon. This upcoming policy is expected to be largely based on the report submitted by NITI Aayog. Suggestions like limiting sales of petrol and diesel cars, slashing interest and duty rates on electric vehicles are a part of this plan. There were other recommendations like bulk importing of batteries for EVs to reduce the overall cost.

According to the minister, there have been keen interests from a few Indian companies who want to invest in electric vehicles and infrastructure related to it. The government is rolling out a pilot project in Nagpur. It plans to run electric buses and taxis from May 26. Depending on the response, this initiative will be replicated in other Indian cities.

India plans to slash its oil import bill to half by 2030 and also reduce its emissions as a part of its commitment to the Paris climate treaty. The government knows that poor sales of electric vehicles is because of high battery costs and lack of proper infrastructure for charging. With this new policy, things might change for good.

Popular cars
Upcoming cars
  • Honda City
    Honda City
    • 8.77 - 14.31 lakhs
    • Ex-showroom, Delhi