Toshiba And Kerala Government Team Up To Make Lithium Ion Batteries

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  • Kerala government aims to have 10 lakh electric vehicles on the road by 2022
  • It will set up a Rs 12 crore e-mobility fund

According to a report by IANS,the office of the Chief Minister of Kerala said that the Toshiba Group has signed an expression of interest with the Kerala government for technology transfer and manufacturing lithium-ion (Li-ion) batteries for electric vehicles. The report also said that the agreement happened due to the Japan visit by chief minister Pinarayi Vijayan at the head of a high-level state delegation. It was signed in Tokyo at the investment seminar organised in the Japan.

Rs 12 crore e-mobility fund

The report also said that the Kerala government aims to have 10 lakh electric vehicles on the road by 2022. The government had also announced that it will set up a Rs 12 crore e-mobility fund.

As per the report, the Kerala government has decided to replace the Kerala RTC buses with electric buses. This shift will start from Thiruvananthapuram and teh switch will happen from next fiscal. It will also give tax exemption and subsidy to electric autorickshaws

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