EV Firms Should Offer Significant Discount To Buyers Who Have Scrapped Old Vehicles: Gadkari

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The minister said both battery electric vehicle and fuel cell vehicle technologies are complementary to each other and are all set to overtake fossil-run automotive by 2050

As part of their efforts to increase the shift from IC engine vehicles to electric ones, Union minister Nitin Gadkari said that electric vehicle manufacturers should offer a significant discount to buyers who have scrapped their old IC engine cars.

While addressing a virtual event, Gadkari said that the government intends to have EV sales of 30 per cent for private cars and 70 per cent for commercial vehicles by 2030, adding that it is also looking at making public transport and logistics 100 per cent electric.

“The government intends to have EV sales penetration of 30 per cent for private cars, 70 per cent for commercial vehicles, 40 per cent for buses, and 80 per cent for two and three-wheelers by 2030,” Gadkari said.

The minister said both battery electric vehicle and fuel cell vehicle technologies are complementary to each other and are all set to overtake fossil-run automotive by 2050.

Noting that the EV market is completely consumer-driven, Gadkari said indigenous low-cost battery technology, localisation of EV components, and huge domestic demand would further make EV the most affordable means of transport in the coming years.

The minister asserted that Indian vehicles will be at par with international standards in terms of crash safety, body designs, fuel efficiency and mass emission norms.

Referring to the recently launched the National Automobile Scrappage Policy, he said India will have a well-established network of vehicle scrapping units to deal with old, unfit and polluting private and commercial vehicles.

Recently, an official at the road transport and highways ministry said the Centre will soon ask state governments to provide up to 25 per cent rebate on road tax for vehicles that are purchased after scrapping old vehicles under the new proposed scrappage policy.

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