Cabinet okays national mission for electric vehicles

Government on Thursday approved budgetary proposal to set up national mission for electric mobility (NCEM), which is likely to boost manufacture of electric vehicles. The body will have 25 members from government and industry.

“The mission is going to help the electric vehicle industry. Contribution of electric vehicles in the automobile sector is less than one per cent, but it will increase due to the incentives announced by new and renewable energy ministry,” said R Chandramouli, chief of operations, Mahindra Reva.

Cabinet also approved setting up of a national board for electric mobility by the department of heavy industries, said PIB release. The NCEM will be the apex body for making recommendations in these matters.

National Automotive Board will be a technical adviser and secretariat for the NCEM and NBEM. The MNRE in December had announced cash benefits of Rs 100,000 on purchase of electric cars and Rs 5-6,000 on two-wheelers.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Changes to FDI investment norms for housing look cosmetic

    The policy measures announced on Wednesday for facilitating greater participation of foreign direct investment (FDI) in the real estate sector do not

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Energy conservation through feedback

In households across the world, people use electric energy not ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture