News: Decarbonisation of global economy, including India’s, entails decarbonisation of the transport sector. Moreover, it is in line with the India’s climate change commitments, will help boost manufacturing sector and also help ensure energy security. India supports the global “EV30@30” campaign, which aims for at least 30% of new vehicle sales to be electric by… Continue reading India’s electric vehicle push will lead to brighter, greener future
Tag: electric vehicles
NITI Aayog, RMI, and RMI India Launch ‘Shoonya’ Campaign
What is the News? NITI Aayog along with Rocky Mountain Institute(RMI), an independent non profit organization has launched Shoonya Initiative. About Shoonya Initiative Shoonya is an initiative to promote zero-pollution delivery vehicles by working with consumers and the industry. Aim: To accelerate the adoption of electric vehicles (EVs) in the urban deliveries segment and create… Continue reading NITI Aayog, RMI, and RMI India Launch ‘Shoonya’ Campaign
Tesla is unlikely to launch its vehicles in India anytime soon
Source: Live Mint Relevance: Electric vehicles are necessary for pollution control and import substitution. Synopsis: India needs to ease its restrictive policies towards the import of electric vehicles. Introduction Last month, Elon Musk complain about India’s restrictive policies for the import of electric vehicles. India’s restrictive policies are aimed at the Make in India campaign for… Continue reading Tesla is unlikely to launch its vehicles in India anytime soon
Charging infra guidelines for electric vehicles get nod
News:The Power ministry has revised guidelines for setting up charging infrastructure for Electric Vehicles(EVs). Facts: What is the need of charging infrastructure: The lack of charging infrastructure is one of the main reasons behind poor adoption of electric mobility in India. The State Transport Units(STUs) who have also started operating electric busses on different routes… Continue reading Charging infra guidelines for electric vehicles get nod
Too much of reforms has led to slowdown: NITI Aayog CEO
NITI Aayog CEO has said that a huge set of reforms undertaken by the government has led to the current slowdown in the economy. He said that the reforms undertaken by government includes (a)GST (Goods and Services Tax) (b)IBC (Insolvency and Bankruptcy Code) and (c)RERA(Real Estate Regulatory Authority). He has also advocated a series of… Continue reading Too much of reforms has led to slowdown: NITI Aayog CEO
36th GST Council Meeting
The 36th GST Council Meeting was recently held under the chairmanship of Union Finance Minister. The GST Council has decided to reduce Goods and Services tax(GST) rate on electrical vehicles(EVs) from 12% to 5% and on EV chargers from 18% to 5% from August 1,2019. The Council has also approved GST exemption for hiring of… Continue reading 36th GST Council Meeting
Budget Briefs: Tax break to rev up electric vehicle sales
The Government has proposed a slew of measures to boost electric vehicles(EVs). The government has already moved to the Goods and Services tax (GST) council to lower the GST rate on electric vehicles from 12% to 5%. Besides,the government will also give an additional tax benefit of Rs 1.5 lakh on the interest paid on… Continue reading Budget Briefs: Tax break to rev up electric vehicle sales
Policy on electric vehicles well-thought-out: Rajiv Kumar
NITI Aayog Vice-Chairman has said that the proposal for transition to electric vehicles(EVs) was a well-thought-out policy to capitalise on the sunrise industry. The NITI Aayog has proposed that only electric three-wheelers be sold in the country post March 31,2023.Additionally,all new two-wheelers below 150cc sold after March 31,2025 should be electric. The industry has strongly… Continue reading Policy on electric vehicles well-thought-out: Rajiv Kumar
Govt eyes strict emission rules to boost EVs
The government is planning to make emission standards stringent to discourage the production and purchase of vehicles that are fitted with internal combustion engines(ICE). NITI Aayog has proposed the mandatory sale of two and three-wheelers Electric Vehicles(EVs) from 2025 but the industry representatives have resisted the shift towards EVs. The government officials are planning of… Continue reading Govt eyes strict emission rules to boost EVs
Council may consider GST cut on EVs
GST Council may cut the goods and services tax(GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector. The lower rate are expected to encourage global manufacturers to invest in India’s planned shift to electric vehicles in order to try and bring down pollution levels. The Niti Aayog has prepared… Continue reading Council may consider GST cut on EVs
