Thursday, June 19, 2008
Policy boost for battery-run 2-wheelers
NEW DELHI: Good news for all those planning to buy a battery-operated
vehicle. The Ministry of New and Renewable Energy (MNRE) is planning
to work-out a policy to support manufacturers and users of battery-
operated vehicles. The ministry has plans to extend the present
subsidy scheme to battery-operated two-wheelers and companies
manufacturing battery-operated vehicles and engaged in establishing
network of charging stations.
"At this moment, with a view to work out a conducive policy for
large use of batteryoperated vehicles in the country, the existing
scheme will be changed to accommodate two-wheelers," the MNRE
secretary V Subramanian said after a meeting with manufacturers of
battery-operated vehicles on Tuesday. Under the present subsidy
scheme, owners of only three-wheelers and fourwheelers are eligible to
avail of 33% subsidy benefit on the cost of the vehicle.
However, according to a official of the New Technology Division of the
MNRE, the ministry is working on a new policy to increase the subsidy
as well as extend the benefits to owners of two-wheelers and network
of charging stations established by companies.
Companies can also apply with the MNRE for support in research and
development or for funding of the same, the official said.
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