Union minister Nitin Gadkari's announcement on Monday that the government will be ready with electric vehicle policy by December for promoting eco-friendly vehicles is a step in the right direction. The minister said the pilot project of electric vehicle transportation is ready to be launched in Nagpur on May 26, which will include 200 electric taxis and an electric bus which may be replicated by other cities. The move is likely to bring down over 1 gigatonne of carbon emission by the end of next decade. At current oil prices, this would imply a net usual fuel cost saving of approximately 3.9 lakh crore by 2030, the report said. As in minister's own words, a considerable number of companies have already shown interest in investing in electric vehicles and the related infrastructure.

Source: dna May 17, 2017 02:15 UTC