HomeIndustryAutomotiveElectric Vehicles in India will Enjoy a Number of Benefits, says NITI...

    Electric Vehicles in India will Enjoy a Number of Benefits, says NITI Aayog

    NITI Aayog, which is India’s policy-making body/think tank organisation, has drafted a policy for electric vehicles and has suggested that EVs could have green number plates.

    Along with that, the draft policy also suggests that EVs could be given benefits such as free parking for three years and tolls waived off across the country. Another point that the draft policy makes is that there should be 10 percent parking space reserved for electric vehicles at residential spaces, shopping malls and office complexes in the future.

    According to TOI, the study also happened to mention that if India were to take electrification of the fleet seriously, it stands to save about 64 percent of the energy demand for road transport and 37 percent carbon emissions by 2030. Also, the country has the possibility of saving up to 60 billion dollars in diesel and petrol costs by 2030.

    All of this happens only if India is steadfast on the path to full electrification of the fleet by 2030. But seeing the way things are progressing currently, it looks quite difficult for India to have a fully electric fleet in the next 12 years. The government has programmes such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME Scheme).

    Major manufacturers such as Maruti-Suzuki, Hyundai etc. are already collecting data on the feasibility of introducing electric vehicles in the next 5-6 years and have already established that there will be massive support from the government that will be required in order to achieve the target of full fleet electrification of the fleet by 2030.

    ELE Times Research Desk
    ELE Times Research Deskhttps://www.eletimes.ai
    ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related News

    Must Read

    Renesas Introduces Ultra-Low-Power RL78/L23 MCUs for Next-Generation Smart Home Appliances

    Ultra-low-power RL78/L23 MCUs with segment LCD displays & capacitive...

    Top 10 Federated Learning Applications and Use Cases

    Nowadays, individuals own an increasing number of devices—such as...

    Top 10 Federated Learning Companies in India

    Federated learning is transforming AI’s potential in India by...

    Top 10 Federated Learning Algorithms

    Federated Learning (FL) has been termed a revolutionary manner...

    Hon’ble PM Shri. Narendra Modi to inaugurate fourth edition of SEMICON India 2025

    Bharat set to welcome delegates from 33 Countries,...

    Rohde & Schwarz extends the broadband amplifier range to 18 GHz

    The new BBA series features higher field strengths for...

    EDOM Strengthens NVIDIA Jetson Thor Distribution Across APAC

    Empowering a New Era of Physical AI and Robotics...

    Govt Sanctions 23 Chip Design Ventures Under DLI Scheme

    MeitY approved 23 chip design projects under its Design...