Indian government fast-tracks green initiative with Rs 10,000 crore project for Electric vehicles

Top PSUs to lead the way for multi-million dollar project to promote EVs.

By: | Updated: May 20, 2017 4:35 PM

The government has charted out a multi-billion dollar investment plan for electric vehicles and aims for bulk tendering of EVs on the lines of the LED bulbs scheme, reports CNBC-TV18.

It looks like the Indian government has re-visited their green initiative with some added vigour. CNBC-TV18 reports that to reduce our fossil fuel dependency, the government has charted out a multi-billion dollar investment plan for an electric vehicle. A closer look reveals that it might be aiming for a bulk tendering of EVs’ on the lines of the recently started LED bulb campaign.

According to their plan, the country’s top PSU led by NTPC will invest over Rs. 10,000 crore to set up the infrastructure for charging and battery swap stations. PSUs like IOC and PGCL are set to study the feasibility of investing in the infrastructure.

The mission is likely to start from October and will be led by e-Rickshaws and buses. The buses will hit the road ground in cosmopolitans by December 2017. M&M, Tata Motors, Ashok Leyland have confirmed their participation in the project. M&M and Tata Motors are, in fact, developing an electric prototype for a December launch.

To further promote the cause, the government is likely to tender the use of 1000 EVs to be used by various departments.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. T
    May 21, 2017 at 12:51 pm
    Why you used Mahindra's car photo? Is it because to register this in people's memory or they are the only one in the market? The problem is not electric cars the problem is refue stations and government support for them!
    1. J
      Jitender Jamwal
      May 21, 2017 at 11:07 am
      The Nice Move For New India
      1. R
        May 21, 2017 at 8:52 am
        The petrol stations will serve as a charging points in future for evs but power supply must caters to the requirements if fully accomplished
        1. A
          May 21, 2017 at 5:29 am
          ISRO and the IIT's should also be involved. This is a supercritical mission and failure is not an option
          1. S
            May 20, 2017 at 11:14 pm
            Launching E Rikshas & E passenger buses by October/December 2017 is a welcome move. But this is not enough looking geographical size & population of India. If Governments ( Central & States) are serious enough to achieve 100 replacement of Petrol/ Diesel/Gas or other carbon di oxide emission vehicles in our country by 2030/2032, strict regulations to replace all the light & medium commercial vehicles such as passenger taxies, light goods transport vehicles running within muni l limits of A ,B & C cl cities of India should be banned giving 5 years grace period after December 2017. Notification for bringing the policy of EVs in place internal combustion engine based vehicles should be published in advance by September 2017. Repeated publications of Government's determination backed with educative & awareness creative constantly given in print & electronic media.
            1. Load More Comments