New Delhi, India To Offer Up To 50% Subsidy To Domestic Manufacturers Of Electric Vehicles

3 years ago by Eric Loveday 5

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According to Asian Age:

“Delhi is reportedly in the process of implementing the National Electric Mobility Mission Plan 2020, under which the electric car manufacturers would be entitled to benefits to the tune of about `13,600 crores. The city administration is also contemplating a substantial subsidy to convert its existing fossil fuel-powered cars into electric vehicles. The city’s civic bodies are giving final touches to the new e-policy for the battery-operated rickshaws, which have mushroomed all over the national capital.”

For the capital of India, the support of electric vehicles is mostly in an effort to meet India’s goal of having up to 7 million electric vehicles on its roads by 2020.

Additional details, per Asian Age, include the following:

“The city administration is yet to take a final call on the amount of subsidy, but there are indications that the electric vehicles may enjoy a subsidy of about 35 per cent while the electric vehicle conversion kits could be subsidised by 50 per cent. It is learnt that the ministry of heavy industry has already moved a proposal to the Union finance ministry, recommending 35 per cent subsidy to electric vehicles and 25 per cent to the plug-in hybrid cars that can operate on pure electric mode for at least 15 km.”

So, basically, the manufacturer will get a huge break, which it should hopefully pass onto buyers.

Furthermore, in New Delhi, the goal is to soon get charging stations installed throughout the city at a distance of no more than 3 kilometers apart.

Source: Asian Age

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5 responses to "New Delhi, India To Offer Up To 50% Subsidy To Domestic Manufacturers Of Electric Vehicles"

  1. Nanda says:

    Good news. The union govt should do this at national level also to get India out of the middle-east oil clutches.

  2. Ambulator says:

    I wonder how much `13,600 crores are in United States Dollars? I looked up a crore, and it is 10,000,000 Rupees, or $160,000. Maybe 13.6% of a crore, or $21,760? Still seems a bit much.

    1. evnow says:

      Now-a-days it is Rs 55 to a $.

      So, 5,500 Crores = $1 Billion.

      So, 13,600 crores is about $2.5B.

      1. evnow says:

        I’m a little behind – it is more like 60 Rs to a $. So, closer to $2B.

  3. pete g says:

    15 km (9.5 miles) I don’t know how long the average daily commute is in India. At that short range a bicycle makes sense. Especially in areas with heavy traffic.