The road transport and highways ministry will seek separate budgetary allocation of Rs 5,000 crore for introducing government-owned electric bus fleets and building world-class bus ports across the country, Union minister Nitin Gadkari has said.
The ministry plans to set up special purpose vehicles with state governments and road transport corporations, under which it will provide funds to procure electric buses and modernise public transport system, Gadkari told ET.
“State transportation corporations should phase out the cost intensive diesel buses and must induct e-buses to bring down their losses,” he said. “With the scale, their cost of operations would fall by almost 50% making them profitable. We can also have private sector-run e-buses by providing them subsidy and incentives,” the minister said. Read More…
Latest posts by ET Energy World (see all)
- When will the sun shine on the residential rooftop solar in India? - October 17, 2018
- OPEC, Allies Yet To Hike Output By One Million Barrels Per Day: Oil Minister - October 17, 2018
- India Likely To Add Up To 8.5 Gw Renewable Energy Capacity In Current Fiscal: ICRA - October 17, 2018