GET Stock QuotesNews18 APP
News18 English
»
1-min read

100% Electric Vehicles in India? SIAM Presents Roadmap for Shift by 2047

Automobile industry body SIAM has proposed all new vehicle sales in India to be pure electric by 2047 while the same for intra-city public transport fleet can be achieved by 2030.

PTI

Updated:December 20, 2017, 7:38 PM IST
facebookTwittergoogleskypewhatsapp
100% Electric Vehicles in India? SIAM Presents Roadmap for Shift by 2047
Electric cars are gaining in popularity in Europe and elsewhere. (Image: AFP Relaxnews)
Loading...
New Delhi: Automobile industry body SIAM has proposed all new vehicle sales in India to be pure electric by 2047 while the same for intra-city public transport fleet can be achieved by 2030.

In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) said it is aiming at 40 per cent of new vehicle sales in the country to be pure electric by 2030.

The paper has been brought out in line with the government's vision of 100 per cent electric for public mobility and 40 per cent electric for personal mobility by 2030, it said in a statement.

However, former power minister Piyush Goyal had in April this year said: "The idea is that by 2030, not a single petrol or diesel car should be sold in the country."

Proposing 100 per cent pure electric vehicles -- battery electric and fuel cell -- by the 100th anniversary of India's Independence in 2047, SIAM outlined a road map that includes 60 per cent of new vehicle sales in the country to employ greener technologies like hybrids and other alternative fuels by 2030.

To make sure this vision is realised, the industry, the government and various stakeholders need to collaborate and invest with 100 per cent commitment, SIAM President Abhay Firodia said.

"To ensure smooth phasing in of pure electric vehicles and to sustain the transition to cleaner fossil fuel vehicles, the IC (internal combustion) engine upgradation must continue over the next decade or so," the paper added.

Progressively, cleaner fossil fuel vehicles will be an essential stepping stone in this journey towards 100 per cent pure electric, it added.

The proposed policy measures in the White Paper will be needed for creating a robust market and manufacturing ecosystem for electric vehicles in India and such a policy must be sustained over time to remain stable to enable the industry commit to investments with full confidence, Firodia added.

He also emphasised that policy should be necessarily adaptive in view of the nature of the fast-evolving technology.

"At the same time, there must not be sudden changes so as to allow outcomes in a planned manner and to ensure that the necessary transformation takes place with the minimum of disruption which may have socio-economic impact in terms of industrial growth, employment and livelihood of people in the auto industry," Firodia said.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,101.30 -4.34
Indiabulls Hsg 653.80 -17.10
Dewan Housing 210.55 -10.75
Yes Bank 217.90 -6.04
Bajaj Finance 2,140.50 -0.47
Company Price Change %Gain
Sudarshan Chem 385.05 2.64
Indiabulls Hsg 654.25 -17.06
Reliance 1,101.65 -4.11
Dewan Housing 211.80 -10.37
Yes Bank 217.70 -6.06
Top Gainers
Company Price Change %Gain
HPCL 215.90 4.15
Sun Pharma 609.95 2.78
Kotak Mahindra 1,198.95 1.95
Bharti Infratel 264.45 1.71
Vedanta 211.10 1.51
Company Price Change %Gain
Sun Pharma 608.40 2.52
Kotak Mahindra 1,199.55 1.83
Vedanta 211.15 1.51
HUL 1,579.20 1.16
ITC 288.45 0.73
Top Losers
Company Price Change %Gain
Indiabulls Hsg 653.80 -17.10
HCL Tech 958.50 -6.42
Yes Bank 217.90 -6.04
HDFC 1,660.25 -4.46
Reliance 1,101.30 -4.34
Company Price Change %Gain
Yes Bank 217.70 -6.06
HDFC 1,661.30 -4.32
Reliance 1,101.65 -4.11
Hero Motocorp 2,711.00 -3.70
Infosys 682.60 -3.11

Live TV

Loading...
Loading...