You are here: Home » Budget » Ask an Expert » Auto
Business Standard

Expect incentives to promote electric vehicles, alternate fuel: Abdul Majeed

Abdul Majeed, Partner, Price Waterhouse, answers questions on the automobile sector and Budget 2015

Abdul Majeed 

Abdul Majeed

Will there be anything in the on alternate fuel types?
- Varuni


Read our full coverage on Union Budget
There could be incentives to promote electric vehicles as well as alternate fuel in India primarily aimed at increasing consumer awareness and boost demand for these vehicles. The success of these vehicles is critical from energy security point of view as India currently imports 80 per cent of its crude oil needs. In addition these vehicles also will address the carbon dioxide impact/concerns.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 05 2015. 16:58 IST