Central govt has set up a panel to monitor indigenous electric vehicles
Advertisement
Advertisement
The central government of the country has formed a 30-member committee, including automobile industry executives, experts and government officials, which would keep an eye on the development of technology for the manufacturing of electric and hybrid vehicles in India.With this committee, the government wants to feed into the 'Make in India' programme, while also ensuring a rise in the number of green vehicles on the roads, so that the rising pollution menace can be curbed.
As of now, there is only one company, -Mahindra Reva Electric Vehicles, which manufactures electric cars in India. All critical components of electric vehicles, be it batteries, motors and motor controllers etc. are imported, which makes their costs go up. This also causes a roadblock in government’s programme towards Faster Adoption and Manufacturing of Hybrid and
"The government has rolled out incentives to promote utilisation of green vehicles under the FAME scheme, and is also working out ways to set up charging infrastructure. But the most imperative thing today is to get products out into the market," a senior government representative on the committee told ET. "We are working towards developing indigenous technology which would enable vehicle manufacturers to roll out electric vehicles at affordable prices."
The set committee will be responsible for monitoring the work of the Technology Platform for Electric Mobility (TPEM), set up under the Department of Heavy Industry and Ministry of Science and Technology to develop an indigenous technology for electric vehicles.
Advertisement
Image source
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- Bajaj Pulsar NS400Z launched at ₹1.85 lakh, becomes cheapest 400cc bike in the country
- India, xenophobic? US President Joe Biden says India and Japan’s economy are bad because of xenophobia, compares to China and Russia
- Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies
- Apple clinches strong double-digit growth in India; CEO says incredibly exciting market
- Nifty hits record peak in early trade; Bajaj Finance jumps 6%
- 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