PM 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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First Published: Wed, Jan 09 2013. 09 02 PM IST
Prime Minister Manmohan Singh at the launch of the National Electric Mobility Mission Plan 2020 in New Delhi. Photo: PIB
Prime Minister Manmohan Singh at the launch of the National Electric Mobility Mission Plan 2020 in New Delhi. Photo: PIB
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 Rs.22,500 crore in the next eight years to promote electric and hybrid vehicles, of which the government will provide Rs.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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First Published: Wed, Jan 09 2013. 09 02 PM IST
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