Energisers for electric vehicles
Prime Minister Narendra Modi on Friday called for more investment in electric vehicles and charging facilities and said the government would have a policy for electric vehicles and vehicles that run on alternative fuels.
- Published 8.09.18
New Delhi: Prime Minister Narendra Modi on Friday called for more investment in electric vehicles and charging facilities and said the government would have a policy for electric vehicles and vehicles that run on alternative fuels.
"Mobility is a key driver of the economy. Better mobility reduces the load on transportation and can boost economic growth. It is already a major employer and can create the next generation of jobs," Modi said at global mobility summit here.
"We want to drive investments across the value chain from batteries to smart charging to electric vehicle manufacturing. We will soon put in place a stable policy framework for electric and alternate fuel powered vehicles. Policies will be designed as a win-win for all and will enable huge opportunities in the automotive sector."
The aim is to cut down on carbon emissions, create jobs and reduce the use of crude oil, which is largely imported.
The government has set a target for electric vehicles to make up 15 per cent of the vehicle sales in five years to curb greenhouse gas emissions and reduce the dependency on fossil fuels.
An estimated 2,000 electric vehicles were sold last year, and the government wants to have all new vehicles sold from 2030 to be electric.
However, a key challenge is the high cost of batteries which policymakers hope will come down with new technology and economies of scale.
Common public transport must be the cornerstone of mobility initiatives, Modi said, adding that "clean mobility powered by clean energy is our most powerful weapon in our fight against climate change".
The Prime Minister said mobility powered by clean energy is the most powerful weapon in the fight against climate change. The focus must go beyond cars to other vehicles such as scooters and rickshaws.
Japan's Suzuki Motors will start testing prototype electric vehicles in the country from next month in expectation of a planned launch of these cars within 2 years in collaboration with Toyota Motors.
"We will start road running a test using a fleet of 50 EV prototype vehicles in India from next month," said chairman Osamu Suzuki at Global Mobility Summit here Friday.
After the GST Council announced a cut in taxes on electric vehicles to 12 per cent from 28 per cent, a number of global majors have firmed up plans for electric vehicles.
Suzuki will also start production of lithium-ion batteries for cars at its Gujarat plant from 2020, Suzuki said.
He called for a proactive policy environment from the government for elctric cars to succeed in the country.