India to Bet Big on Electric Vehicles

With electric vehicles is gradually becoming commonplace, India is planning on betting big on the division as the country recently announced its plans to reduce fuel import as well as running cost of vehicles by moving to all-electric vehicles by the end of 2030.

Recently, the company’s power minister Piyush Goyal said to reporters, “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.”

He also added that the Indian government understands the importance of supporting automakers in their quest to make the electric vehicle more commonplace as he pointed out helping out the country’s biggest automaker, Maruti in past. He also pointed out the importance of making the electric vehicles cost effective options as increased number of users are likely to consider shifting from traditional cars in case Electric vehicles become more cost effective options.

Talking to International Business Times, the minister said that the government wants the Indian car company to move forward according to consumer interests rather than profit from the market. However, he pointed out that the government also understand the automotive industry needs another two or three years before the Electric Vehicles divisions of different automakers start to pay off.

However, he pointed out that the country’s government planning on helping out different manufacturers as they understand the need to support the industry to move forward. He said, “We would love to see the electric vehicle industry run on its own.”

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