CarWale
    AD

    Government may cap sales of conventional cars to support electric vehicles

    Authors Image

    Pratheek Kunder

    17,642 Views
    Government may cap sales of conventional cars to support electric vehicles

    National Institution for Transforming India (NITI Aayog), Indian government’s policy think-tank establishment has provided a host of recommendations that would see a massive shift in automotive sales and consumption in India. 

    In a 90-page report, the establishment has asked the government to lower the tax and interest rates for loans on electric vehicles. Capping the sales of petrol and diesel cars are also part of this report, which should be uploaded for public viewing in the next few weeks. Another suggestion is to use tax revenue from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles. This report focuses only on electric-vehicles and not on hybrid vehicles, which the government previously did with the FAME initiative. 

    India plans to slash its oil import bill to half by 2030 and also reduce the emissions as a part of its commitment to the Paris climate treaty. The government knows that the poor sales of electric vehicles is because of high battery costs and lack of proper infrastructure for charging. In order to kick start this massive shift, NITI Aayog has suggested bulk procurement of electric vehicles, building standardised, swappable batteries for two- and three-wheelers to bring down their cost and having favourable tariff structures for charging cars.

    The think-tank has also recommended to set up battery swapping stations by 2018, common manufacturing facilities for components and increase subsidies on all battery-run electric vehicles to bring down their cost on par with conventional models by 2025. There are other suggestions like lowering tax and interest rates on loans for taxi fleet operators and also reducing the duties to make these cars more affordable. 

    These suggestions and recommendations are the most radical ones yet. But it would be interesting to see if the current government plans to adopt this shift since that would see most of the Indian manufacturers shifting their investment to EVs. Right now, the National Electric Mobility Mission Plan (NEMMP) 2020 which aims to have seven million electric and hybrid vehicles by 2020 isn’t looking great as the government hasn’t gone aggressive on this plan. 

    Source : reuters

    Related News

    Popular News

    Recent News

    Mahindra e2o PLUS Gallery

    • images
    • videos
     Polo GT TDI Review
    youtube-icon
    Polo GT TDI Review
    By CarWale Team07 Apr 2014
    124289 Views
    841 Likes

    Featured Cars

    • HATCHBACKS
    • JUST LAUNCHED
    • Upcoming
    Maruti Suzuki Baleno
    Maruti Baleno
    Rs. 6.66 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Swift
    Maruti Swift
    Rs. 5.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Hyundai i20
    Hyundai i20
    Rs. 7.04 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Wagon R
    Maruti Wagon R
    Rs. 5.54 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Alto K10
    Maruti Alto K10
    Rs. 3.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Tata Altroz
    Tata Altroz
    Rs. 6.65 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Hyundai Grand i10 Nios
    Hyundai Grand i10 Nios
    Rs. 5.92 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Renault Kwid
    Renault Kwid
    Rs. 4.70 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Lexus LM
    Lexus LM
    Rs. 2.00 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    15th MAR
    Hyundai Creta N Line
    Hyundai Creta N Line
    Rs. 16.82 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    11th MAR
    BYD Seal
    BYD Seal
    Rs. 41.00 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz AMG GLE Coupe
    Mercedes-Benz AMG GLE Coupe
    Rs. 1.85 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz GLA
    Mercedes-Benz GLA
    Rs. 50.50 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Porsche Macan Turbo EV
    Porsche Macan Turbo EV
    Rs. 1.65 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Rolls-Royce Spectre
    Rolls-Royce Spectre
    Rs. 7.50 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Tata Punch EV
    Tata Punch EV
    Rs. 10.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra XUV300 facelift
    Mahindra XUV300 facelift

    Rs. 9.00 - 15.00 LakhEstimated Price

    Mar 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Toyota Urban Cruiser Taisor
    Toyota Urban Cruiser Taisor

    Rs. 12.00 - 16.00 LakhEstimated Price

    3rd Apr 2024Unveil Date

    Get Launch Alert on WhatsApp

    Maruti Suzuki New-gen Swift
    Maruti New-gen Swift

    Rs. 6.50 - 10.00 LakhEstimated Price

    Apr 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    MG Gloster facelift
    MG Gloster facelift

    Rs. 40.00 - 45.00 LakhEstimated Price

    Apr 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Force Motors Five-door Gurkha
    Force Motors Five-door Gurkha

    Rs. 15.50 - 16.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Nissan Qashqai
    Nissan Qashqai

    Rs. 25.00 - 30.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Volkswagen ID.4
    Volkswagen ID.4

    Rs. 50.00 - 60.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Skoda Superb
    Skoda Superb

    Rs. 28.00 - 35.00 LakhEstimated Price

    Jun 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    AD
    • mahindra-cars
    • other brands
    Mahindra Scorpio N
    Mahindra Scorpio N
    Rs. 12.74 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra Scorpio
    Mahindra Scorpio
    Rs. 12.64 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra Thar
    Mahindra Thar
    Rs. 9.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city

    Popular Videos

     Polo GT TDI Review
    youtube-icon
    Polo GT TDI Review
    By CarWale Team07 Apr 2014
    124289 Views
    841 Likes
    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from the automobile universe
    • Home
    • News
    • Government may cap sales of conventional cars to support electric vehicles