News

To promote electronic two wheelers, NITI pitches for a policy regime

Representative Image

NEW DELHI: A report by NITI Aayog has said that India can save up to Rs 1.2 lakh crore in foreign exchange towards the oil imports every year by implementing a policy regime to promote electric two-wheelers. India can earn a lot of profit by converting its internal combustion engine vehicles to electric vehicles as soon as possible, the report titled ‘Zero Emission Vehicles: Towards a Policy Framework’ from NITI Aayog has suggested.

As per the report presented to Prime Minister Narendra Modi at the Global Mobility Summit ‘MOVE’, there are more than 170 million two-wheelers in India. In additional to that if each of these vehicles consumes about half a liter of petrol per day, the total amount of petrol used by such vehicles will be about 34 billion liters.

In the next five to seven years there is a real possibility of getting this done as stated in the report. It further noted that “This would, however, require innovations, a policy regime that encourages access to latest technologies and a concerted effort by the Indian industry to achieve global competition through acquiring the necessary scale and using cutting-edge technology,”

Team Urban Update

Recent Posts

Gadkari: EV prices to match petrol, diesel cars in two years

Representative Image NEW DELHI: Nitin Gadkari, Minister for Road Transport and Highways, Government of India,…

2 months ago

14 lakh homes built in Gujarat under PMAY scheme

Representative Image GANDHINAGAR, Gujarat: Gujarat has reached a significant milestone in the construction of homes…

2 months ago

MBMC launches ‘Central School Control Room’ for students’ safety

Representative Image THANE, Maharashtra: The Mira Bhayander Municipal Corporation (MBMC) in Maharashtra has established a…

2 months ago

Delhi govt extends ban on sale, production of firecrackers till Jan 2025

Representative Image NEW DELHI: With the aim to tackle the increasing air pollution level in…

2 months ago

UPSIDA takes over maintenance of 34 industrial areas from ULBs

Representative Image LUCKNOW, Uttar Pradesh: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has come…

2 months ago

Delhi Jal Board to team up with WATCO for 24/7 water supply

Representative Image NEW DELHI: The Delhi Jal Board (DJB) plans to collaborate with the Water…

2 months ago