Sunday 28 November 2010

Electric Vehicles Get Government Incentives

Good news to Indian electric vehicles industry, the ministry of new and renewable energy on Monday announced a 20 per cent financial incentive on the ex-factory price of electric cars and scooters sold in the country.
As the expectations soar in the camps of Society of Manufacturers of Electric Vehicles in India. The firm anticipates a 100% growth for Rs 95 crore incentive scheme offered by the Indian government on electric vehicles. Under the scheme every electric car sold during this 11th Plan in the next two years will be eligible for incentive. The government has announced this incentive scheme, as a part of 11th five year plan.

1 comment:

ErRamalingam K S said...

At last our Indian Govt has started acting on EV Industry .
Thanks for the info .