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.

EDITORIAL OF THE DAY

  • Realtors must lower the ratio of capital value to rental income to entice buyers

    Real estate prices are likely to witness a correction in the coming festival season, according to a report put out in this newspaper on Monday, with p

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Undermining demographic dividend

Development and economic growth of nations is built upon the ...

Kuruvilla Pandikattu

Imperfection makes you more human

For all those who live in fear of making a ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture