Niti Aayog may set electric vehicle target for state public transporters
The government is mulling over giving target to state public transporters to deploy certain percentage of electric vehicles in their new orders, while it will refrain from coming out with a policy on electric vehicles, a top Niti Aayog official said
The government is mulling over giving target to state public transporters to deploy certain percentage of electric vehicles in their new orders, while it will refrain from coming out with a policy on electric vehicles, a top Niti Aayog official said. Moreover, the official said for the personal transportation, the Aayog is of the view that the market forces should be allowed to decide whether people want to buy electric car or diesel/petrol car.
"We may like to tell states that their carbon footprints must be minimised. We are considering of giving some targets to state public transporters to deploy certain percentage of electric vehicles in their new orders," the official told PTI. He further added that,"We don't need a policy on electric vehicles, we need a behavioral change".
Watch this Zee Business video here:
The official also said that the government wants to encourage indigenous production of electric vehicles. As per an estimate, India at present has 1 to 1.5 lakh electric vehicles and it is projected to grow to about 5 per cent of the total vehicles in the next five years. Of the about 24 million vehicles sold in India in 2017-18, electric vehicles accounted for barely about 1 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
10:09 AM IST