Tuesday, December 19, 2017
By Kamal Swami
Incentives From The Government To Sellers And Manufacturers Of EVs
To reach its ambitious project of introducing the use of electric vehicles within the country by 2030 Government of India has said to offer incentives in form of lower road taxes for manufacturing and sale of electric vehicles, so that auto industry could play as the key player in increasing the rate of GDP and job opportunities. This was told by Mr. Amitab Kant, CEO, Niti Aayog, according to him in the coming decades India will emerge as one of the leading manufacturers of vehicles, batteries and charging stations. He also said that all this would be done without disrupting the survival of the combustion engine.
Addressing the seminar organized by ASSOCHAM, Mr. Kant said, "We would like to support electric vehicles by providing vast range of initiatives such as lower road taxes. And the government will act as a catalyst so that automobile sector continues to play a major role in India's GDP and job creation as well as in exports,"
Appreciating the auto industry he said that its contribution to overall growth in GDP counts to 7.2 percent. Referring to the various studies conducted for the development of electronic vehicles Mr. Kant said that the cost of battery installed in EVs will come down to USD$ 73 per kWh from its existing price of USD$ 273 per kWh. Commenting about the demand of these batteries in Indian car market he expected that it will come down to USD$ 60 per kWh.
According to the recent report published by the Niti Aayog it has estimated that increasing use of electric vehicles in the country will help in saving about USD$ 60 billion in the cost of petrol and diesel by 2030.
