New Delhi. The government is going to make some important decisions to increase the sales of electric vehicles in India and make their use common. The biggest news among them is that soon the government can make it clear that the law of ending old vehicles after 15 years will not apply to electric vehicles. This means that electric buses, cars and trucks will be able to walk on the road even after 15 years.
Strict rules on large vehicles, exemption to EVS
According to a news, the Ministry of Power is soon preparing to increase the CAFE rules to urban goods vehicles, trucks and buses. Cafe rules are rules that aim to reduce fuel consumption and CO2 emissions. These steps were decided in a high -level meeting chaired by Rajiv Gauba member Rajiv Gauba.
In this meeting, concern was expressed over the slow spread of electric vehicles in the country. EVS stake in 2024 was just 7.6%, while a target of 30% has been set by 2030. The spread of EVs in two -wheelers, three -wheelers and buses is better, but it is slow in four wheel vehicles (cars) and electric trucks have not even started yet.
Learning from old buses
Road Transport Secretary V Umashankar told in the meeting that most of the buses older than 15 years are from private owners. On this, CEO BVR Subrahmanyam, CEO of NITI Aayog suggested that if the 15 -year EOL rule is not applied to electric vehicles, it can increase their sales.
Umashankar also said that the mandatory order to adopt EV (Mandate) does the best work in places where the spread of EV and ecosystem required for them is already present.
Moving beyond encouragement to mandatory
According to sources, it was agreed to move ahead of the policy of giving incentives to adopt EVs rapidly and to apply mandate (mandate) and who will not adopt EVs, it was agreed to produce loss. In addition, the strategy of having buses, para-transit (auto, e-rickshaws) and urban goods carrying vehicles in five cities was also discussed.
Charging, solution of battery and money challenge is necessary
A source said that all were unanimous on the need to develop a new battery technique to rapidly expand the charging structure, install fast charger, reduce dependence on imports and provide easy finance (debt) for electric buses and trucks. A few days after this meeting, the Finance Ministry interacted with banks.
Banks are hesitant to give loans to EV and interest rates are also higher on them. In this meeting chaired by Financial Services Secretary M Nagaraju, the banks urged the government to make the batteries standard, reduce the cost of vehicles and buy new batteries. His argument was that the battery usually has to change in 6-7 years and is 40–50% of the total cost of EV.