Press Esc to close

E-vehicle policy okayed

NEW DELHI, Aug 29, 2012, DHNS : 22:33 IST
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
CPI(M) workers chant slogans at a protest rally outside BJP headquarters in New Delhi on Tuesday...

CPI(M) workers chant slogans at a protest rally outside BJP headquarters in New Delhi on Tuesday...

Woman teachers pose with Diwali greeting messages at a school in Moradabad on Tuesday...

Woman teachers pose with Diwali greeting messages at a school in Moradabad on Tuesday...

A girl buying decorative items in a market on the occasion of Dhanteras festival in Bhopal on ...

A girl buying decorative items in a market on the occasion of Dhanteras festival in Bhopal on ...

Vendors show lanterns to customers at a roadside market ahead of the Hindu festival of Diwali in ...

Vendors show lanterns to customers at a roadside market ahead of the Hindu festival of Diwali in ...

BJP National President Amit Shah and BJP Kerala state president Kummanam Rajasekharan wave to the ..

BJP National President Amit Shah and BJP Kerala state president Kummanam Rajasekharan wave to the ..

England Midfielder Callum Hudson-Odoi(14) and Hinata Kida(6),Midfielder of Japan vie for the ball ..

England Midfielder Callum Hudson-Odoi(14) and Hinata Kida(6),Midfielder of Japan vie for the ball ..

Actress and BJP MP Hema Malini along with her daughters Ahana and Esha cutting a cake to celebrate..

Actress and BJP MP Hema Malini along with her daughters Ahana and Esha cutting a cake to celebrate..

Union Minister for Defence, Nirmala Sitharaman with Chief of Naval Staff, Admiral Sunil Lanba and ..

Union Minister for Defence, Nirmala Sitharaman with Chief of Naval Staff, Admiral Sunil Lanba and ..

Kamaraj Congress (KKC) and Most Backward Communities Federation demonstrators lying on the road in..

Kamaraj Congress (KKC) and Most Backward Communities Federation demonstrators lying on the road in..

Rajesh Talwar arrives at his residence in Noida on Monday after he, along with his wife Nupur, was..

Rajesh Talwar arrives at his residence in Noida on Monday after he, along with his wife Nupur, was..

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.