Indian Gov't Throws Support Behind Electric Vehicles
MUMBAI -- To reduce dependence on fossil fuels and promote alternative vehicle technologies, the Government announced on Monday a variety of incentives for electric vehicles (EVs) and hybrids in Budget 2011-12.
It also announced the formation of a new inter-ministerial mission for EVs and hybrids, which would be a single-point resource for all the industry's needs on infrastructure, R&D and new incentives.
“World over, substantial investments are being made in the field of hybrid and electric mobility. To provide green and clean transportation for the masses, National Mission for Hybrid and Electric Vehicles will be launched in collaboration with all stakeholders,” said Finance Minister Mr Pranab Mukherjee in his Budget speech.
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