BackPM unveils plan to promote electric, hybrid vehicles
India to spend Rs22,500 cr over eight years on promotion of which govt will invest Rs13,000-14,000 cr
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New Delhi: Prime minister Manmohan Singh unveiled the National Electric Mobility Mission Plan 2020 on Wednesday. He said it will promote a cleaner transportation system for the future.
The plan had been announced in the 2011 Budget. It aims to reduce dependence on fossil fuels. India will spend at least 22,500 crore in the next eight years to promote electric and hybrid vehicles, of which the government will provide 13,000-14,000 crore, and the remaining amount will be invested by the auto industry in research and development.
“Electric and hybrid vehicles have significantly lower level of emissions, including carbon dioxide emissions, which is one of the major contributors to global warming and to processes of climate change," Singh said.
India hopes to have seven million electric vehicles on the road by 2020, according to a previously released statement of the government. The final approval for the amount of money the government will sanction is still awaited from the finance ministry.
“While promoting private transport through electric vehicles is a positive step, we must give far greater focus to the development of public transport using energy-efficient and alternative-energy technologies," Singh said.
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