- 2 min ago Renault Car Discounts Around Independence Day: Here Are All The Benefits & Offers Available
- 1 hr ago Ford Increases The Price Of The BS6 Endeavour For The Indian Market: Details & Specifications
- 1 hr ago 2020 Mahindra Thar Interiors Spotted Ahead Of Unveil On August 15: Spy Pics & Other Details
- 4 hrs ago Prices For The New CBR1000RR-R Fireblade And Fireblade SP Will Leave You Surprised
- Technology Realme X3 Pro Expected To Pack Snapdragon 855 Plus Chipset
- Movies Priyanka Chopra, Vidya Balan And Others Give A Shout Out To Indian Weavers On National Handloom Day
- Lifestyle 10 Biotin-rich Foods You Should Add In Your Diet Everyday
- Finance Delhi Govt Announces Electric Vehicle Policy With Upto Rs 1.5 Lakh Incentive
- News Delhi sexual assault case: 12-year-old remains critical, may need Neurosurgery, says AIIMS
- Sports BCCI, ECB agree to postpone England's white ball tour to India to early 2021, new trip to include Tests
- Travel 10 Incredible Places To Visit In Tamil Nadu In August 2020
- Education Kargil Vijay Diwas Quotes In English For Students
The department that does all the thinking for the government, the NITI Aayog, has made a proposal saying that only electric vehicle should be retailed in the country after the year 2030. It may be noted that a panel, headed by NITI Aayog CEO Amitabh Kant, had suggested earlier that any vehicle of up to 150cc has to be electric starting 2025.
According to The Economic Time, it has now moved the Cabinet with the aim of giving responsibilities to different ministries along with the Road Transport and Highway Ministry, and has proposed to prepare a framework to phase out diesel and petrol vehicles by 2030.
The NITI Aayog also proposed that the ministry pilot an e-highways programme, with an overhead electricity network, to allow for bus and truck movement on select highways. Also part of the proposal is a plan to manufacture 50GWh (Gigawatt) batteries by 2030.
This proposal comes at a time when the automobile industry is against moving towards a 100% electrification. Japanese and Korean manufacturers, and domestic manufactureres are lobbying against the change.
The Cabinet proposal has proposed that Transport Minister Nitin Gadkari's should concentrate on issuing norms to all cab aggregators to replace their fleets of petrol and diesel vehicles with electric vehicles by 2030.
In order to achieve setting up the battery manufacturing plant, the NITI Aayog has proposed financial incentives, including cash subsidies on the basis of the overall domestic value addition per kilowatt hour.
A Rs 2,000 cash subsidy will be given for 1KWh with a 100% domestic value capture. This means that if a manufacturer uses 100% domestic components to manufacture the batter, they are eligible for a Rs 2,000 cash subsidy. The maximum cash subsidy can be claimed for up to 20GWh.
The NITI Aayog estimates that an amount of Rs 3 lakh crore can be saved every year if India moves to an all-electric state. They also say moving to electric and battery operated vehicle will create 10 lakh direct and indirect jobs.
Thoughts About The Only Electric Vehicles After 2030 Roadmap
Some times we feel an all electric nation would be really cool, and other times we feel that our 'road culture' does not allow for it. Right now we feel for the petro-heads and two-stroke junkies. First they took out two-strokes away, and now they're gunning for the fuel. Can you imagine racing on electric motorcycles? Like who wants to be a part of Tron!