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India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings

India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.

New delhiMinistry of commerceUnion governmentCare edge ratingsCalendar yearArti royAssociate directorE vehicle policy

electric vehicles: India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings

The demand for vehicles powered by traditional fuels is shifting towards alternative fuels, with petrol vehicle sales declining from 86% in 2020 to 76% in 2023. Alternative fuel-driven vehicles saw a 400% growth in CY 2023 compared to CY 2020. EVs offer the lowest lifetime cost, followed by CNG. India aims for 30% of vehicle sales to be electric by 2030.

Union governmentMinistry of commerceCare edge ratingsCalendar yearArti royAssociate directorE vehicle policyElectric vehiclesVehicle salesGovernment incentivesAlternative fuelsFame iiCharging stations

India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings

India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings
bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.

New delhiUnion governmentMinistry of commerceCare edge ratingsCalendar yearArti royAssociate directorE vehicle policy

India aims for 30% of all vehicle sales to be electric by 2030: Care Edge Ratings, ET Auto

Electric Vehicles: The demand for vehicles powered by traditional fuels is shifting towards alternative fuels, with petrol vehicle sales declining from 86% in 2020 to 76% in 2023. Alternative fuel-driven vehicles saw a 400% growth in CY 2023 compared to CY 2020. EVs offer the lowest lifetime cost, followed by CNG. India aims for 30% of vehicle sales to be electric by 2030.

Ministry of commerceUnion governmentCalendar yearCare edge ratingsArti royAssociate directorE vehicle policy

interim budget | EV players seek reduction in GST rate, extension of subsidy scheme in interim budget

The industry expects an extension of FAME II subsidy, which is due to expire on March 31. The subsidy incentivises domestic manufacturing of EVs and provided relief to a total of over 12.16 lakh electric vehicles with an expenditure of Rs 5,422 crore as of December 2023

Naveen munjalArun sreyasSociety of manufacturers electric vehiclesFaster adoptionElectric vehiclesArti royInterim budgetElectric vehicles evsAster adoption and manufacture of hybrid electric vehicles fameUnion governmentGoods and services tax gst