FICCI welcomes Centre's approval for electric vehicle-based public transportation in 11 cities

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Capital Market
Last Updated : Jan 04 2018 | 4:50 PM IST
Appreciating Government's effort to promote electric mobility in the country, FICCI welcomes the announcement made by Minister of Heavy Industries and Public Enterprises,Mr. Anant Geete, to provide subsidy to 11 cities under FAME India (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) for launching electric buses, taxis and three-wheelers.

"This is a major step forward by the Government and focus on public transportation (buses, taxis, autos) will enhance cleaner public transportation and help create awareness about electric vehicles amongst operators, consumers of public transportation and general public at large. This will catalyse the faster adoption of electric vehicles in the country" said Mr. Shekar Viswanathan, Chairman, FICCI Taskforce on Electric Vehicle and Vice Chairman & Whole Time Director, Toyota Kirloskar Motors.

Mr. Viswanathan further added that the support of minister to Hybrids is an important indication of a pragmatic technology neutral approach that will help in faster adoption of full range of electric vehicle technologies (xEVs) and their manufacturing in India. This is critical for reducing fossil fuel imports and lowering pollution.

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First Published: Jan 04 2018 | 4:33 PM IST

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