Indian government has allotted rupees 9,400 crore for promoting the zero emission pure electric mobility programme in India. The taxi operators or bus aggregators in the country who will buy electric vehicles will receive cash incentive up to rupees 2.5 lakh for the vehicles which costs up to rupees 15 lakh. The electric two wheeler buyers will receive cash benefit of around rupees 30000 for the model that cost up to rupees 1.5 lakh.
These cash incentives will come when the customers will scrap their old conventional fuel powered vehicle and buy new eco-friendly vehicles. The government expect that this will energize the sales of the electric vehicle with this new cash incentive package. Along with the commercial vehicle aggregators, personal vehicle buyers also will receive the cash incentive given they scrap their pre-BS III vehicles and choose electric or hybrid vehicles.
The cash incentive package for the passenger vehicle and two-wheelers will claim round rupees 1,500 crore over the next five years. The government is trying to set up the charging infrastructure for the electric vehicles across India. Around rupees 1,000 crore will be spent for setting up electric vehicle charging stations across the country.
As per the programme Indian government is planning to set up at least one EV charging station in every 9 square kilometer. The busiest and major highways across India will get EV charging stations in every 25 kilometre. So far, the wide network of the EV charging stations planned to be set up across the country is expected to majorly resolve the hurdle for the development of electric mobility in India.
