NEW DELHI: India can save about Rs 1.2-lakh crore of foreign exchange outgo towards oil imports every year by means of adopting a coverage regime to promote electric two-wheelers, a file by means of Niti Aayog has mentioned.
India has a lot to achieve by means of converting its inside combustion engine (ICE) cars to electric cars (EVs) at the earliest, the file titled 'Zero Emission Vehicles (ZEVs): Towards A Policy Framework' prompt.
The file was once introduced to Prime Minister Narendra Modi at the Global Mobility Summit 'MOVE'.
India has over 170-million two-wheelers, the file mentioned, including that if every of these cars consumes about part a litre of petrol according to day, the overall quantity of petrol utilized by such cars works out to be about 34-billion litres.
"At Rs 70 per litre, this would cost about Rs 2.4-lakh crore. Even if we assume that 50 per cent of this is the cost of imported crude (as tax and other maybe 50 per cent), one may save Rs 1.2-lakh crore worth of imported oil," the file mentioned.
It additional mentioned that there's a actual possibility of having this carried out in the subsequent five to seven years.
"This would, however, require innovations, a policy regime that encourages access to latest technologies and a concerted effort by the Indian industry to achieve global competition through acquiring the necessary scale and using cutting-edge technology," it famous.
India has a lot to achieve by means of converting its inside combustion engine (ICE) cars to electric cars (EVs) at the earliest, the file titled 'Zero Emission Vehicles (ZEVs): Towards A Policy Framework' prompt.
The file was once introduced to Prime Minister Narendra Modi at the Global Mobility Summit 'MOVE'.
India has over 170-million two-wheelers, the file mentioned, including that if every of these cars consumes about part a litre of petrol according to day, the overall quantity of petrol utilized by such cars works out to be about 34-billion litres.
"At Rs 70 per litre, this would cost about Rs 2.4-lakh crore. Even if we assume that 50 per cent of this is the cost of imported crude (as tax and other maybe 50 per cent), one may save Rs 1.2-lakh crore worth of imported oil," the file mentioned.
It additional mentioned that there's a actual possibility of having this carried out in the subsequent five to seven years.
"This would, however, require innovations, a policy regime that encourages access to latest technologies and a concerted effort by the Indian industry to achieve global competition through acquiring the necessary scale and using cutting-edge technology," it famous.
Niti report pitches for policy regime to promote electric two-wheelers
![Niti report pitches for policy regime to promote electric two-wheelers]()
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September 07, 2018
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