Electric two-wheelers might cost us less in the near future
Advertisement
Advertisement
The Indian government is planning to introduce policies that would reduce the price of electric two wheelers in the country, so that they can be equalled to, if not made less expensive than, petrol-driven two-wheelers.
Also read: Electric Vehicle Start-up Ather Energy Raises $1 Million From Flipkart
The move is aimed at reducing pollution that the petrol-driven scooters emit from their exhaust-pipe in most polluted Indian cities, which also feature in the list of world’s most polluted cities.
Advertisement
A senior official told ET that the
Also read: Mahindra is going green in the US, launches all electric scooter GenZe
"The idea is to bring the industry on board to implement measures which can ensure faster adoption of electric two-wheelers," the official said on condition of anonymity.
While increased sales of electric vehicles will save fossil fuel by about 2.2-2.5 million tonnes, it would also help keep a check on vehicular emissions while decreasing carbon dioxide by up to 1.5% by 2020.
Advertisement
The committee, while suggesting ways to make place for charging infrastructure, will also suggest steps helpful in lowering the price of batteries and components.It was in the end of 2010 that the government had first offered a helping hand to the electric vehicle industry, when the new and renewable energy ministry announced a Rs 95-crore incentive scheme for e-vehicle manufacturers. Import duty on batteries was also brought down from 26% to 4%.
Image source
Advertisement
- Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts
- Top temples to visit in India you must visit atleast once in a lifetime
- Top 10 adventure sports across India: Where to experience them in 2024
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market