EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure.
Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector.
He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for renewable power projects underscores the nation's dedication to sustainable development. Viksit Bharat @2047 is the vision to make India a developed nation by 2047, the 100th year of independence. The vision encompasses various aspects of development, including economic growth, social progress, environmental sustainability, and good governance.
.jpg)
