BackGovt looks to waive registration certificate issuance fees for EVs
The govt is trying to encourage e-mobility in order to reduce pollution, oil import billIndia aims to accelerate the adoption of EVs in order to curb rampant pollution in its major cities and cut reliance on costly oil imports
PremiumNEW DELHI : In a push for India’s pivot towards electric mobility, the central government plans to exempt battery-operated vehicles from paying fees for the issuance and renewal of registration certificates.
This comes against the backdrop of the government’s focus shifting to electric mobility in view of India’s commitment to reducing its carbon footprint by a third from 2005 levels by 2030.
The government has approved a production-linked incentive scheme worth ₹18,100 crore for building Tesla-style gigafactories to manufacture batteries.
India aims to accelerate the adoption of electric vehicles (EVs) in order to curb rampant pollution in its major cities as well as cut its reliance on costly crude oil imports.
“The Ministry of Road Transport and Highways has issued a draft notification dated 27th May 2021, further to amend the Central Motor Vehicles Rules, 1989, proposing to exempt Battery Operated Vehicles (BOV) from payment of fees for the purpose of issue or renewal of Registration Certificate and assignment of new registration mark," the ministry said in a statement on Tuesday.
The transition to EVs is expected to generate new avenues of employment.
The government’s plan is to set up 50-gigawatt hour (GWh) manufacturing capacity for advanced chemistry cell batteries by attracting investments totalling ₹45,000 crore.
One GWh (1,000-megawatt hour) of battery capacity is sufficient to power 1 million homes for an hour and around 30,000 electric cars.
“This has been notified to encourage e-mobility. Comments from general public and all stakeholders have been sought within a period of thirty days from the date of issuance of this draft notification," the statement added.
India plans to leverage the EV programme to also reduce the country’s oil import bill. India is the world’s third-largest oil consumer and is particularly vulnerable to global fluctuations in energy prices.
Milestone Alert!Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
