What? India abandoning oil? India is begging for an invasion…
India is becoming a game-changer in the clean automotive industry.
June 11, 2017
The Indian government is going eco-friendly in their bid to only sell electric cars in the next thirteen years, by 2030. The primary reason to switch to electric vehicles is to cut costs on fuel imports and bring more stability to the Indian Rupee. Piyush Goyal, the Minister of Energy says that he along with the Ministry of Heavy Industries of India are working on new laws to promote electric vehicles in the coming years.
Goyal stated that currently, electric vehicles are more expensive than those running on fuel, however new laws introduced will make them more affordable.
At the moment, like many nations, India has an initiative of its own for promoting hybrid cars, known as FAME – Faster Adoption & Manufacturing of Hybrid & Electric. Under this program, the government of India offers subsidies to its people.
During his speech at the Confederation of Indian Industry conference, Goyal said the government plans to introduce the electric vehicles in a very grand way – by making the electric cars self-sufficient, comparing it to a recent energy saving project known as UJALA – Unnat Jeevan by Affordable LED’s and Appliances. He further said that by the year 2030 the country will not be selling diesel or petrol cars. The government also has plans to aid car manufacturers to transform from selling traditional cars to electric ones.
By 2020, Goyal noted the government will create stations where people can charge their cars and swap their batteries.
At the moment, only Mahindra Group, an Indian organisation, is manufacturing completed electric cars in India. The Chairman and the Managing Director of Mahindra Group tweeted saying, “Time you got out here Elon. You don’t want to leave that whole market to Mahindra, do you? The more the merrier and greener.”
However, the country already has a good standing with hybrid vehicles and big market players such as BMW, Volvo and Toyota; all offering hybrid cars and battery refuelling stations in the country. Manufacturers like Nissan and Tesla are also planning to launch their models in the country soon.