Adopt: London model of public transport
India will become a manufacturing hub for electric vehicles in the next five years as the Government is trying to extend the best possible concessions for the manufacturers and has lowered the GST on electrical vehicles to 12%.
Stating this, Road Transport Minister Nitin Gadkari also pointed out that the world is no more interested in doing business with China, which is a very good opportunity for the Indian industry to pick up the shift in business.
Addressing a webinar on ‘India’s Electric Vehicle Roadmap post-COVID-19’ on 18 June 2020, The Minister acknowledged the issues facing the EV sector but was also sure of the things to change as the e-vehicle sales volumes increase.
With petroleum fuel being available in limited quantity, the world has to look for alternate and cheap sources of power, he pointed out. Electric and biofuels stand a good chance for adoption.
He also indicated the ensuing vehicle scrapping policy and commented that it will give a fillip to the auto manufacturing sector.
The Minister recalled the London model of public transport, where private and public investment is working well, adding that adopting a similar approach will be beneficial for both the poor commuters and the civic administration.
Gadkari also mentioned about a pilot project for developing an electric highway on the upcoming Delhi-Mumbai Green Corridor.
The Minister expressed full confidence in the capabilities of the auto sector and called upon the industry to go in for indigenization. fiinews.com
