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.

#autojobs4u #automotivejobs #Electricvehicles #India

Comments

Nandan Nilekani on Self-drive cars and e-vehicles future in India

The Infosys co-founder believes that India needs disruption right now to tackle smoggy skies, snarling traffic jams and rising population which has become hallmark of every metro city in the country. As per him the problems have become too big and the “chalta hai” attitude would not work anymore. The current technology advancements do not offer a solution to the struggles of navigating India’s urban maze and it is high time for marriage of tech-driven transit solutions like self-drive cars, electric vehicles and public transport with ride share to provide the solution. Given its population density, mass transit systems are the need of the hour in India and car-pooling must be encourage to eliminate personal automobile ownership. To read more about future electric vehicles click on: https://www.autojobs4u.com/autojobs4ublog/articles/Electric-Vehicle-Segment-to-generate-10-million-jobs.php #autojobs4u #Self-drivecars #EV #India #Automobileindustry #Automotiveupdates

LCV to benefit greatly from Indian middle class growth

Globally, LCVs account for 75% of commercial vehicles sales but in India, it is only 62%. Indian middle class which is growing at a healthy pace will bolster growth in the commercial vehicles space in India going forward and the biggest beneficiary will be the light commercial vehicles (LCV) segment The increase in urbanisation and consumption will lead to shifts in market segments and LCV will play a crucial role in last mile connectivity. Industry experts feel that there are 3 big challenges the industry needs to overcome to realise this sales potential which are lack of availability of finance due to liquidity crunch at NBFC, the upcoming BS-VI emission norms and a lack of drivers. With the introduction of BSVI, the cost hike will be much higher than the prediction of 5%-7%. The electric and autonomous vehicles are inevitable in future and the keys to growth will be reducing time taken to bring new models to the market, making vehicle platforms more flexible and dynamic, and st...

EVs to get Rs.50,000 rebate

The Indian govt is planning to incentivise purchase of electric vehicle by bringing them into the ambit of priority sector lending and lowering of interest rates on loans to make purchase of EVs affordable which would result in rebate of Rs.50,000. As per SIAM high cost (2 to 2.5 times of conventional vehicles) is the biggest factor for slow penetration of EVs. The other bigger challenge is range per charge (EVs have 1/4 that of a conventional vehicle). In FY18, 56000 EVs were sold which was up from 2500 in FY17. Out of this electric 2-wheelers dominated with 54,800 units, up from 23000 units in FY17. Area of concern is electric four wheelers which witnessed a drop from 2000 units at FY17 to 1200 units in FY18. The govt of India is aiming at taking share of EVs to 15% in next 5 years from the current share which is negligible. The major challenge in EV adoption is the charging infrastructure facilities and to address that govt has already issued notifications to facilitate domesti...

Search This Blog