Page 6 - Lev Policy News Today

The Centre is planning to formulate a new comprehensive electric vehicle policy for foreign players to attract more investments into production, trade and infrastructure.

Piyush Goyals comments come as U.S. EV maker Tesla continues talks with Narendra Modis administration on the possibility of building a factory in India. Reuters last month reported that India was working on EV policy that would cut import taxes for automakers that committed to some local manufacturing, citing sources with direct knowledge of the matter.

Piyush Goyals comments come as U.S. EV maker Tesla continues talks with Narendra Modis administration on the possibility of building a factory in India. Reuters last month reported that India was working on EV policy that would cut import taxes for automakers that committed to some local manufacturing, citing sources with direct knowledge of the matter.

According to Reuters report earlier, the Indian government is planning a policy that could allow the import of EVs at a tax of as low as 15 percent. Sitharaman, however, said no such proposal has been tabled before her.

The new version of Delhis electric vehicle (EV) policy is stuck following the dismissal of advisors, consultants and fellows in the transport department, including those in the Delhi Electric Vehicle Cell, while stakeholders have favoured incentives to encourage the use of EVs. The previous policy ran until August 8 and has been extended until a replacement is finalised.

Transport Minister Kailash Gahlot also accepted that termination of fellows and consultants had impacted the projects even as he insisted that the work will not stop.

Indonesias Ministry of Industry had earlier said it would reduce import duties from 50% to zero for automakers planning EV investments. That was seen as aimed at attracting Chinese EV makers and potentially Tesla, a company the government has long courted.

Industry and green mobility analysts are hopeful that buyers would delay their decision to switch to EVs by a few months and not more. But July numbers have shown only a marginal improvement.

School: As per the original caps under the EV Policy, in the second year of its implementation, of all the buses registered, 50% have to be e-buses. In the third year, this cap will be 80% e-buses, fourth year of policy 90% and in fifth year 100% e-buses will be registered.

Ev Policy: With the second edition of the Electric Vehicle Policy still in the making, the transport department of Delhi government is likely to extend the existing one for a couple of months.