Govt to introduce subsidy for EV charging infrastructure
By MYBRANDBOOK
Union Power Secretary Alok Kumar said that the centre is working to amend the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) policy to introduce a subsidy for companies looking to set up electric vehicle charging hubs across India, which will then be given to the state electricity distribution companies.
“We will provide subsidy to companies who will set up charging infrastructure for public transport in small towns, and cities,” he said. The secretary added that to set up a 200-KW charging infrastructure for electric vehicles, a subsidy of around Rs 4-5 lakh will be provided.
The secretary added that oil marketing companies will be setting up electric vehicle charging infrastructure across national highways and are likely to be the biggest beneficiaries of the new planned subsidy.
Road transport and highways minister Nitin Gadkari said that efforts should be made to discourage use of personal vehicles, while emphasizing that with the coming of electric buses there will be a reduction in pollution and the country will be able to reduce import of diesel and crude oil.
The minister said that the prices of EVs will be on par with the cost of petrol vehicles in the country within one or two years. Earlier this week, Gadkari asked officials of his department to look for a uniform charging system for electric buses manufactured by different companies.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
Commvault leading the next generation of data protection throu
A valued brand, Commvault reinforces the commitment to protect customer dat
Technology and a robust partner network help position Allied T
Allied Telesis in India has a strong and growing team that is very customer
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
DELL TECHNOLOGIES INDIA PVT. LTD.
RAMCO SYSTEMS Ltd.
AMARA RAJA POWER SYSTEMS LTD.
VERSA NETWORKS INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Bhavish Aggarwal
Ola CEO Bhavish Aggarwal had formed Ola-India’s largest mobility pla...
Technology Icons Of India 2023: Som Satsangi
With more than three decades in the IT Sector, Som is responsible for ...
PARTNER SPEAKERS
PSU
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
VIDEOS
Top 25 Brands
Value-Added Distribution
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
