Purchase of Electric Vehicle

Purchase of Electric Vehicle


SOURCE- The Hindu)


Recently NITI Aayog has asked that the Government of India should provide incentives for the purchase of electric vehicles over and above the existing subsidized rate being provided under the FAME II scheme. Niti Aayog has also recommended providing interest subvention on loan amount taken for Electric Vehicle purchases.

Recommendations made by NITI Aayog-

  • NITI Aayog has also recommended creating non-financial incentives apart from interest subvention and additional subsidies.
  • This includes exclusive parking for Electric Vehicles in commercial complexes, priority lanes for EVs.
  • The NITI Aayog has given a recommendation that the Green Zones should be demarcated within cities that permit only electric Vehicles.
  • NITI Aayog has recommended that heavy taxes should be charged on conventional fuel vehicles.
  • Green corridors should be created which will allow only E-Buses.


Download Daily Current Affairs of 29th April 2021

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