I will also request him to reduce tax rate on hybrid vehicles i

  • Related StoriesThis is how GST will make Nagpur a logistics hubMumbai-Nagpur Expressway to be priciestIndia's electric vehicles push likely to benefit Chinese car makersIndia's green car plan prioritises electric vehicles over hybridsOla preparing roll-out of electric vehicles in the countryOla readies big push for electric vehicles in India."Promoting electric vehicles is our priority.  ODM electric pencil sharpener Nagpur railway station. Accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol cost while cutting down as much as 1 gigatonne (GT) of carbon emission for India by 2030, government think-tank Niti Aayog said in a joint report with Rock Mountain Institute earlier this month."I will also request him to reduce tax rate on hybrid vehicles in order to tackle air pollution in the long run," he said. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project. Electric, ethanol, bio diesel, bio CNG are import substitutes and cost effective, pollution free and indigenous too," Gadkari added.
    Nagpur today earned the distinction of becoming the country's first city with electric fleet of 200 electric vehicles, including taxis, buses, e-rickshawand autos.With an eye on promoting eco-friendly transport, the government will be ready with its electric vehicle policy by December. We want tointroduce 2 lakh electric buses for public transport," Road Transport and Highways Minister Nitin Gadkari said today.Dispelling concerns on lack of infrastructure for charging such vehicles, the minister said a charging station is being set up.Electric and hybrid vehicles along with alternative fuel like ethanol are gaining traction as part of efforts to reduce India's crude oil import bill.The NITI Aayog report estimates that India can conservatively save up to 64 per cent of anticipated passenger mobility-related energy demand and 37 per cent of carbon emissions by 2030.Nagpur is first city with electric mass mobility system.Govt was in initial talks with SoftBank for loans at low interest rate for a green project in city."The pilot project here will commence with a 200-strong fleet, including 100 of Mahindra's new e2o Plus vehicles. "We import crude worth Rs 7 lakh crore.Taxi aggregator Ola has already invested upwards of Rs 50 crore towards EVs and charging infrastructure, starting with 50 plus charging points across four strategic locations in Nagpur. The Union minister, along with Maharashtra Chief Minister Devendra Fadnavis, inaugurated India's first multi-modal electric vehicle project at the Nagpur Airport Complex here.The state government will gradually ramp up the operations of electric taxis in all major cities of Maharashtra. "Electric mass mobility ecosystem in Nagpur will bring about a transformational change in the automotive and transportation landscape in the country," Gadkari said after the launch. Shortly, I will be coming out with a policy regarding this. We want electric buses, autorickshaws and other vehicles to ply in the country. At current oil prices, this will imply a net fuel cost saving of approximately Rs 3.A group of ministers, constituted to prepare the draft plan for the electric vehicle policy, has submitted recommendations to the Cabinet secretary and is now preparing the draft plan.Bhavish Aggarwal, co-founder and CEO, Ola, stressed that electric mobility in a multi-modal format will be the key towards realising the company's mission of building mobility for a billion Indians. The policy will include both light and heavy weight electric vehicles like cars and buses.With an aim to promote eco-friendly vehicles, the government had launched the FAME India scheme in 2015 offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.With this, Maharashtra has become the first state to provide various incentives to e-taxis. The rest will consist of vehicles sourced from other OEMs, including Tata Motors, Kinetic, BYD and TVS, among others.According to Gadkari, there are big plans to develop low-cost lithium-ion batteries in India and efforts are on to remodel the battery made by Indian Space Research Organisation to make it fit for use in electric vehicles.The government is aggressively trying to push sales and production of electric vehicles in the country through schemes such as FAME India, which have caught the fancy of Chinese automobile manufacturers such as BYD and SAIC that are already investing heavily in electric technology.
    Pawan Goenka, MD, Mahindra and Mahindra, said the company will lead this charge in India with the government.He was addressing the media here before the launch of a pilot project for 200 electric vehicles, including 100 of Mahindra's new e20 plus.A number of Indian companies have also shown interest in investing in electric vehicles and the related infrastructure. Gadkari also said he will soon be meeting Finance Minister Arun Jaitley to request for a lower tax slab for vehicles run on ethanol, bio diesel and bio CNG. "It is our policy to encourage electric cars and buses.Maruti Suzuki has evinced interest in developing lithium ion batteries, he added.Gadkari said the target is to reduce the ticket fare of public transport by 50 per cent in the country and charging these vehicles will not be an issue as charging stations are being set up.5 lakh crore, is estimated to grow to Rs 25 lakh crore and stress should be laid on promoting environment-friendly vehicles that causes minimum pollution, he suggested.Speaking at the event, Fadnavis said, "To promote electric fleet, we have waived VAT, road tax, and registration for all electric vehicles in the state, and we look forward to building Maharashtra as a model state for others to emulate in future.A 12 per cent levy on pure electric vehicles (EVs) has been proposed under the goods and services tax regime, a move that reflects the government's intention to push its adoption.The size of the automobile industry, which is at Rs 4.9 lakh crore by 2030, the report said