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July 23, Sunday 2017 10:06 PM       

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       India eyes all-electric car fleet by 2030
 
         Posted on :18:45:38 Apr 29, 2017
   
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       Last edited on:18:45:38 Apr 29, 2017
         Tags: India eyes all-electric car fleet by 2030
 

NEW DELHI: India is looking at having an all-electric car fleet by 2030 with an express objective of lowering the fuel import bill and running cost of vehicles.

"We are going to introduce electric vehicles in a very big way. We are going to make electric vehicles self- sufficient like UJALA. The idea is that by 2030, not a single petrol or diesel car should be sold in the country," said Piyush Goyal said while addressing the CII Annual Session 2017 in the national capital.

Goyal is of the view that initially the government can handhold the electric vehicle industry for 2-3 years to help it stabilise.

Citing the example of Maruti Suzuki, which has logged over 30 per cent profit this time, he explained that the government had supported India's largest car maker initially, which eventually led to development of the big automotive industry in the country.

Goyal told reporters later that the Ministry of Heavy Industries and the NITI Aayog are working on a policy for promotion of electric vehicles.

The minister pointed to the cost factor, saying people would like to buy electric vehicle when they find it cost effective.

About offshore wind projects, Goyal said these are more like an R&D project.

The minister suggested that big PSUs, including NTPC, can initially invest in such projects that will lead to development of this segment in coming years.

Goyal said that in the last 3 years, India's energy consumption has grown by about 6.5 per cent CAGR (compounded annual growth rate), more than the figure for the last 10 years.

He said, "Through UJALA, the LED distribution programme, we have already seen about 500 million LED bulbs sold in the last two years. My job is to improve India's energy efficiency to reduce consumption wherever it is wasteful and ensure that demand is met fully."

He made a point that UDAY has not been just about financial re-engineering but financial discipline. The UDAY scheme is meant for revival of debt stressed discoms.

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       AUTOMOBILE
Next Article: Honda Activa now world's largest selling two-wheeler
 
 
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Maruti overtakes Infosys, ONGC in market capitalisation  
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India eyes all-electric car fleet by 2030  
Honda Activa now world's largest selling two-wheeler  
Tata Safari Storme replaces Maruti Gypsy in Indian Armed Forces  
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Tata Motors launches compact sedan Tigor in Rajasthan  
Maruti, Hyundai clock record yearly sales in 2016-17  
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Renault India sales up 26.8% in February at 11,198 units  
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JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards  
Ambassador brand now gets a new owner in Peugeot  
Car sales up 11%; passenger vehicles up 14% in Jan  
Delhi HC seeks Centre, AAP govt reply on plea against faulty CNG kits  
Mercedes hits currency recall speed bump, lowers sales target  
BMW to offer new version of i3 electric car in 2017  
Porsche launches Macan variant priced at Rs 76.84 lakh  
Mercedes launches two convertibles priced up to Rs 2.25 cr  
Toyota launches Fortuner variants priced up to Rs 31.12 lakh  
Maruti, Hyundai lead robust car sales in October  
Mahindra launches electric car 'e2oPlus'  
BMW launches 3 Series Gran Turismo priced up to Rs 47.5 lakh  
 
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