Rs 795 cr budget for electric vehicles, rally flagged off

A rally of electric and hybrid vehicles was flagged off by Union Minister of Heavy Industries and Public Enterprises Anant Geete and Minister Environment & Forests Prakash Javdekar from the India Gate in New Delhi. The government has initiated the scheme for faster adoption and manufacturing of hybrid & electric vehicles in order to protect the environment. This will help reduce use of fossil fuel, which is a source of GHG emission from road transport sector. The scheme aims at encouraging sales of electric and hybrid vehicles up to 60 to70 lakh units per year. Rs 795 crore budget is allocated for the scheme in the first two fiscals and an outlay of Rs 75 crore was approved in 2015 budget.

30 % SUBSIDY

Geete said the move to promote use of electric and hybrid vehicles is part of Make in India initiative. A subsidy of 30 % will be given to buyers of such vehicles. He said replacement of fossil fuel based vehicles by the new generation vehicles based on the latest technologies will result in a net saving of Rs 14,000 crore which could have gone for a purchase of petro products. Geete appealed to the automobile manufacturers to chip in the mega project for the success of indigenous efforts under the Make in India concept. He said future belongs to electric vehicles and all must welcome it. Union Environment & Forest Minister Prakash Javdekar said the project is in tune with a resolve to reduce carbon emission. He himself is using electric scooter for personal local trips, Javdekar said. Director, Corporate Affairs, Society of Manufacturers of Electric Vehicles Sohinder Gill said the rally is aimed at creating awareness and utility of electric vehicles and showcasing the state-of-the-art vehicles from manufacturers. World around, people are switching over to e-vehicles but Indians lagged behind. About 25 owners of electric vehicles mainly of Mahindra Rewa took part in the rally. About 50, two wheelers were brought by various electric scooter manufacturers. Provision of test drive at India Gate for attracting people to use these vehicles was also made.

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