'Only 30% vehicles will be electric-fuelled by 2030'

India Infoline News Service | Mumbai | September 24, 2017 13:11 IST

senior automobile industry executive, Shekar Viswanathan, said that it is impossible to have an all-electric fleet in India by 2030.

Refuting claims that the Indian automobile sector will witness a 100% switch over from fossil-fuel driven vehicles to electric vehicles by 2030, senior automobile industry executive, Shekar Viswanathan, said that it is impossible to have an all-electric fleet in India by 2030, reported a leading news daily.   
  
Shekhar Vishwanathan is the vice chairman and the whole-time director of Toyota Kirloskar Motor (TKM), a joint venture between the Japanese auto major and Kirloskar Group.
 
Vishwanathan said, "Moving to electric vehicles is a good move. After all you must diversify the transport sector, but to say that it should be 100% electric, I think, is stretching the limits of credibility. I think it's impractical; it is not possible... I think it will be more like 30% by 2030 and may be higher percentage by 2040," cited the report.
 
The government must be ‘technology-agnostic’ to promote the e-vehicle spree in India, he added. Acknowledging the government’s move to levy a lower rate of 12% GST on the electric vehicles against the 43% GST on hybrid vehicles, he said that the government has given a huge incentive to electric vehicles and a huge disincentive to the diesel and petrol vehicles already. 

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.