Monday, May 14, 2018

Centre plans big push to Eco-friendly Vehicles

Centre plans big push to Eco-friendly  Vehicles

NEW DELHI: As part of a Rs. 9,400-crore package for electric and hybrid vehicles, the government may offer incentives of up to Rs 2.5 lakh to those scrapping old petrol- or diesel-fired vehicles along with sops for investment to manufacture parts such as motors in the country, Economic Times reported.

Buyers of electric two wheelers that cost up to Rs 1.5 lakh will receive incentives of around Rs. 30,000, a draft policy formulated by the government has proposed.

There are more incentives for cab aggregators and bus fleet owners to go green. Buyers of electric cars, which will operate as taxis, are expected to get sops of Rs 1.5 to 2.5 lakh for vehicles that cost up to Rs 15 lakh.

The same sops will be available to individuals buying electric cars provided they scrap their pre-BS III vehicles and get a certificate from the approved scrapping centre, sources said.
Charging Stations:  While the sops for passenger vehicles and two-wheelers are expected to cost around Rs. 1,500 crore over the next five years, around Rs. 1,000 crore spending is planned to set up charging stations across the country.
According to the proposal circulated by the department of heavy industries (DHI), at least one charging point is planned every 9 sq km in all metros, million-plus cities and identified smart cities while a charging station on both sides of the highway is planned every 25 km along the Delhi-Jaipur, Delhi-Chandigarh, Chennai-Bengaluru and Mumbai-Pune stretches.

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