Govt explores buy and lease strategy to boost electric vehicle usage


Govt explores buy and lease strategy to boost electric vehicle usage

The government is exploring a strategy to task a company with buying electric vehicles (EVs) in bulk and then leasing them to companies such as taxi aggregators, in an attempt to bring down the cost of such vehicles.

The strategy is to encourage more manufacturers to make electric vehicles. The number of electric vehicle purchases may range between 200,000 and 1 million.

The government has been exploring the leasing model for electric vehicles, Mint reported on 15 April. Read More…

 

Credit By : Livemint

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