To save Rs 6,000 crore, convert 25% of all vehicles to electric by 2023: DDC Report

The DDC report further proposes the creation of a single-window clearance system that provides clearer and simpler processes for both registering and permitting electric vehicles.

By:Published: September 17, 2019 10:20:24 AM
Representational Image

A report by the Dialogue and Development Commission (DDC) of Delhi and Rocky Mountain Institute, titled ‘Accelerating Delhi’s Mobility Transition: Insights from the Delhi Urban Mobility Lab’ states that the conversion of all vehicles sales in Delhi to electric by 2023 is going to save Rs 6,000 crore. The report which was submitted to Delhi’s Transport Minister Kailash Gahlot also recommends a single-window clearance system for electric vehicles in order to boost electric mobility in the city. A policy regarding the same is going to be notified by the Delhi Government soon.

“This report will become an important reference point for all our agencies on the various reforms needed to ensure a successful transition to electric vehicles,” said Gahlot, who is the transport minister. The report proposes 10 actionable solutions to accelerate mobility transition in the city.

It proposed the creation of a single-window clearance system that provides clearer and simpler processes for both registering and permitting electric vehicles. Commissioning of charging and battery swapping infrastructure, and government-led interest rate subvention scheme for attractive financing of e-vehicles were other recommendations of the report. Investing in clean mobility is investing in the health of people of Delhi and that is why the government is keen on playing a significant role in catalysing and easing the transition to electric mobility in the city, DDC chairman Jasmine Shah said.

“The Delhi government, under the leadership of Chief Minister Arvind Kejriwal, is keen to work with all stakeholders to implement solutions that can make Delhi the electric vehicle capital of India,” Shah said. The report estimated that as per the draft electric policy of Delhi which targets 25 per cent registration of e-vehicles among total registration of vehicles in Delhi by 2023, the national capital will need to register approximately five lakh new EVs in the next five years. During their lifespan, these EVs are estimated to save approximately Rs 6,000 crore expenditure on fossil fuel imports and 4.8 million tonnes of carbon dioxide emissions, equivalent to one lakh petrol cars, the report noted.

It will also improve air quality by negating 159 tonnes of PM 2.5(fine particulate matter) tailpipe emissions, which are a known cause of respiratory diseases and premature deaths, it added. The report was based on discussions and suggestions received at Mobility Lab workshop hosted by DDC and Rocky Mountain Institute, in Delhi on June 26-27.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Latest Auto News