The Prime Minister of India, Dr. Mr. Manmohan Singh launched the National Electric Mobility Mission Plan 2020 yesterday in New Delhi. The programme has set of goals and objectives to support and improve the status of electric vehicles in India. The plan includes setting up of special boards under the authority of PM which help in building up the necessary infrastructure, implementation of favourable tax norms and providing subsidies to encourage electric vehicles in the country.
The Prime Minister said that, over 80% of petroleum products available in the country are sourced from foreign nations. This volume may increase further to increase the import bills of the country. The dependency of transport industry on oil resources should be reduced. Adopting electric and hybrid technology is one of the ways to reduce this dependency. The Prime Minister asked automobile industries to adopt these technologies soon.
About Rs. 23,000 crore will be invested towards NEMMP 2020 and this investment will be shared by the government and the auto sector. As per the plan, about 6 lakh electric vehicles may run on Indian roads by 2020. This can save up to 2.5 million tonnes of fuel for the country.
Auto giants have developed hybrid and electric cars for markets of other countries. Lack of proper infrastructure is one of the primary reasons for low penetration of electric vehicles in India. With NEMMP 2020 in place, cars like Nissan Leaf, Hyundai i10 EV, Mahindra Scorpio Hybrid and Honda CR-Z Hybrid can reach the market within next few years.