Government announces several incentives to support E-Mobility
Addressing the world conference organised by BRICS Network University (NU), the Road Transport & Highways Minister Nitin Gadkari said that efforts are underway to establish the country as the world’s largest automobile manufacturing hub and that the government is supporting E-mobility through several incentives, FAME-2 scheme as well as GST exemption. He added that the electric vehicle industry has huge potential for employment.
He said for India which is a power surplus nation, E-mobility is the most effective solution for developing cost-effective, pollution-free and indigenous mode of transport. He hailed the country’s research prowess and said the country’s academic and research institutions like DRDO, IIT and ISRO are working towards indigenous low-cost battery technology development for electric vehicles.
He was of the opinion to encourage electric mobility in India and for this purpose low-cost raw materials can be made available by scraping old vehicles. He said huge domestic demand and localisation of the components of electric vehicles (EVs) would make EVs an affordable transport option. He added that through mass manufacturing the EV industry would generate huge employment opportunity.
He also emphasised upon extensive promotion, development and the use of bio-fuel in the country to make transport sector viable economically. Gadkari added that through extensive manufacturing, the export of EVs can also be increased.
