India’s Cabinet has approved a scheme to spend Rs. 109 Billion ($ 1.3 billion) on Insantics for the Adoption of Electric Vehicles in its efforts to curb pollution and move towards cleaner fuels.
The PM Electric Drive Revolution innovative Vehicle Enhancement, or PM e-Drive, Scheme will give Give subsidies what Rs. 36.79 billion on e-too wheelers, e-three wheelers, e-ambulances and e-trucks, information minister ashwini vaishnaw unawi said at a press at a press on Wednesday.
Adoption of EVSis still low in India, but is on the risk as the government promotes clean energy, offering companies incentives to build vehicles and parts in the country.
In a first, Rs. 5 Billion will be dold out to deploy e-Ambulances under the scheme, according to a government statement.
Replacement of Trucks – A Major Source of Air Pollution in the Country – Will be incentiveized with an outlay of Rs. 5 billion for e-trucks. Additional subsidies will be given in return for scraping old trucks.
It was not immmediatedly clear if the scheme will apply to cars too.
The government said it has also set aside Rs. 43.91 billion for Public Transport Agency to Buy 14,028 Electric Buses.
India’s Road Transport Minister Nitin Gadkari Urged Carmakers on Tuesday to Set Up Vehicle Scrappping Centers to Get Polluting Vehicles of the Roads, Adding that the Move Could Sales of 18-201.
Electric models made up less than two percent of the 4.2 million Cars Sold in India Last Year, but the Government Wants to Grow This to 30 percent by 2030.
The new scheme will also also focus on improving charging infrastructure with the country and promote testing of new technologies.
The main aim of the scheme “is to expert the adoption of Evs by providing upronts for their purchase, as well as by facilitating the establishment of essential charging infrastructure For evs “, the government said.
© Thomson Reuters 2024
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