India is looking at having an all-electric car fleet by 2030 with an express objective of lowering the fuel import bill and running cost of vehicles.
“We are going to introduce electric vehicles in a very big way. We are going to make electric vehicles self- sufficient like UJALA. The idea is that by 2030, not a single petrol or diesel car should be sold in the country,” Goyal said while addressing the CII Annual Session 2017 here today.
Goyal is of the view that initially the government can handhold the electric vehicle industry for 2-3 years to help it stabilise.
Citing the example of Maruti, which has logged over 30 per cent profit this time, he explained that the government had supported India’s largest car maker initially, which eventually led to development of the big automotive industry in the country.
Latest posts by Moneycontrol.com (see all)
- Let There Be Light: How EESL Is Spearheading India’s LED Revolution – August 17, 2017
- Indian Oil Corporation Gets Govt Nod To Buy Us Crude Oil Every Month This Year – August 10, 2017
- Indian Oil Corporation Gets Govt Nod To Buy US Crude Oil Every Month This Year – August 10, 2017