Press Esc to close
Tuesday 31 May 2016
News updated at 9:19 AM IST
Weather
Max: 31.2°C
Min : 21.7°C
In Bengaluru
Sunny day

E-vehicle policy okayed

NEW DELHI, Aug 29, 2012, DHNS :

To spur electric and hybrid vehicle production in the country, the Centre on Wednesday approved draft electric vehicle policy.

The policy outlines to produce 60 lakh electric vehicles by 2020 with the investment of Rs 23,000 crore, Heavy industries secretary S Sundareshan told reporters here.

Of the Rs 23,000 crore, half will invest from the government and the rest will be from corporate sector he said. After the meeting of the National Council for Electric Mobility (NCEM) here, attended by Union Minister for New Renewal Energy Farooq Abdhulla, Urban Development Kamal Nath, Road Transport and Highways C P Joshi and Heavy Industries Praful Patel, it was decided that the final policy document will be released by  Manmohan Singh soon.  However, the Secretary did not reveal the details of the policy including incentives given to industry.

At present, only Mahindra Reva sells a fully electric car in India, while there are a few electric two-wheeler makers such as Hero Electric and Electrotherm.

Currently, most of the components used in making electric vehicles in India are imported. In future, India wants to use locally manufactured components in the vehicle for which the policy will also have the road map to set up research and development centres, he said.


Go to Top

Photo Gallery
HP Chief Minister Virbhadra Singh addresses a Youth Congress rally in Mandi ...

HP Chief Minister Virbhadra Singh addresses a Youth Congress rally in Mandi ...

Stranded passengers facing a harrowing time due to 'rail roko' protest by the activists of Hills ...

Stranded passengers facing a harrowing time due to 'rail roko' protest by the activists of Hills ...

Farmers holding a rally against the BJP government on the issue of farmers suicide in Thane ...

Farmers holding a rally against the BJP government on the issue of farmers suicide in Thane ...

People from Biafra State (Nigeria) holding a protest for the release of their leader Nnamdi Kanu ...

People from Biafra State (Nigeria) holding a protest for the release of their leader Nnamdi Kanu ...

A man along with kid displays no-smoking messages on their faces on the eve of 'World No Tobacco Day

A man along with kid displays no-smoking messages on their faces on the eve of 'World No Tobacco Day

Activists of Hills and Tribe Protection Forum block the railway tracks of Diphu railway station ....

Activists of Hills and Tribe Protection Forum block the railway tracks of Diphu railway station ....

Police spray water cannon to disperse BJP members during a protest against congress president Sonia

Police spray water cannon to disperse BJP members during a protest against congress president Sonia

Sunrisers Hyderabad players celebrates with VIVO 2016 IPL champiionship Trophy after winning the...

Sunrisers Hyderabad players celebrates with VIVO 2016 IPL champiionship Trophy after winning the...

Sunrisers Hyderabad Ben Cutting (C) celebrates the wicket of Chris Gayle during the IPL 2016...

Sunrisers Hyderabad Ben Cutting (C) celebrates the wicket of Chris Gayle during the IPL 2016...

Royal Challengers Bengaluru player Chris Gayle raises his bat towards crowd against Sunrisers...

Royal Challengers Bengaluru player Chris Gayle raises his bat towards crowd against Sunrisers...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523