Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Government to offer incentives to boost electric vehicle sales

December 19, 2017, 04:18 PM IST by Nikhil Puthran
Government to offer incentives to boost electric vehicle sales

The Indian government plans to offer incentives to electric vehicle manufacturers and sellers in India to adapt to greener alternatives. Niti Aayog CEO Amitabh Kant stated that the incentives are expected to come in the form of lower road taxes and other benefits. The move is expected to enable the automobile sector to play a major role in contributing to India’s GDP and job creation.

Kant highlighted that automobiles along with the automobile component industry is one of the key drivers of India's economic growth, which contributes around 7.2 per cent to the GDP. Based on study reports, by 2027-28, the cost of EV battery will come down from $273 per kilowatt hour to $73 per kilowatt hour. Kant added, “If you take Indian demand into consideration, then it will come down to $60 per kilowatt hour.”

A recent report from Niti Aayog estimated that accelerated adoption of electric and shared vehicles could save $60 billion in diesel and petrol costs by 2030. Speaking more about government’s support in electric vehicle development, Kant added, “The government will further act as a catalyst so that automobile sector continues to play a major role in India's GDP and job creation as well as in exports.”

Show CommentsHide Comments
Ad
  • Upcoming Cars

Ford Endeavour FaceliftFord Endeavour Facelift

22nd Feb 2019

29L - ₹ 35L
Honda CivicHonda Civic

7th Mar 2019

13L - ₹ 18L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
BMW i8 RoadsterBMW i8 Roadster

Apr 2019

2.80Cr - ₹ 3Cr
Mahindra e20 NXTMahindra e20 NXT

Jul 2019

6L - ₹ 8L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in