Electric Vehicles share to be 15% of total vehicles in India in next 5 years

The PMO (Prime Minister’s Office) has approved at least 12 measures proposed by a committee of secretaries to help achieve 15% share of EVs in total vehicle sales in next 5 years. However the govt has not formulated a separate comprehensive policy on electric mobility as was being discussed earlier. The objectives of these clearances is to hasten rollout of respective decisions by ministries to provide incentives to manufacturers, buyers as well as electric mobility infrastructure creators. In this regard on 29th Jan-19 the department of revenue had calibrated basic custom duty and GST rates on EVs to make them competitive in domestic and global markets, as well as lowered duties on raw material imported for manufacturing components. The power ministry has issued guidelines for facilitating setting up of charging stations across cities and highways, while the housing and urban affairs ministry has notified an amendment to building code and town planning rules for provisioning of EV charging stations in private and commercial buildings.

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