The good news goes good and good again for the domestic electric passenger vehicles market. The Indian government on 28-Feb-13, Thursday extended the currently available concessions on specified parts of electric and hybrid vehicles till March 31, 2015. This is seen as a catalyst to accelerate the green vehicle market in India.
Another green light in this particular market is the introduction of The National Electric Mobility Mission Plan 2020. Under the National Electric Mobility Mission Plan 2020 (NEMMP) the Indian Government is planning to spend between Rs. 13,000 crore to Rs. 14,000 crore to promote green mobility options in India, the time span being 2013-2020. By doing so the government aims to add 7 million electric vehicles to Indian roads by 2020.
Also the government plans to set charging stations for electric vehicles at oil marketing companies (OMCs) outlets across the country over the next two years. If fortunate this plan may also bring some business to renewable installers in the country.
An official in the department of heavy industries said: “We are also developing a model through which we can use renewable energy for charging EVs. We can set up solar panels at charging stations and charge the cars without eating into the electricity supply. In the next one-two years, these public charging stations would be put in place”, added the official. The details of the investment required for setting up the charging infrastructure for EVs will be frozen over the next two months.
Also the government plans to set charging stations for electric vehicles at oil marketing companies (OMCs) outlets across the country over the next two years. If fortunate this plan may also bring some business to renewable installers in the country.
An official in the department of heavy industries said: “We are also developing a model through which we can use renewable energy for charging EVs. We can set up solar panels at charging stations and charge the cars without eating into the electricity supply. In the next one-two years, these public charging stations would be put in place”, added the official. The details of the investment required for setting up the charging infrastructure for EVs will be frozen over the next two months.
Article Written by Gopakumar Gopinathan
For More Details on the Article contact: ggopakumar@renewindians.com
