At present, the Government of India is desperate to get electric vehicles off the road as soon as possible. According to the government's roadmap, petrol and diesel vehicles will begin to be removed from the roads by 2023. The government's Thinktank Policy Commission has proposed to sell only electric cars after 2030 to promote electric vehicles in the country. On the other hand, the government's decision has raised the ire of gas companies. Gas distribution business companies are fearing losing Rs 1.2 lakh crore to invest in the business. The NITI Aayog's proposal plans to remove three-wheelers from April 2023 and two-wheelers from April 2025 to 150CC and taxis from April 2026. Let us know the full details
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The policies of auto companies have been blown away by the electric vehicle policy, with many companies who have already acquired licenses in a recent City Gas Distribution bid fearing to lose their money. Companies fear that electric vehicles will have an impact on the sale of CNG. According to a report in ET, the promotion of electric vehicles has created a Confucianism, which will not only reduce investment in the sector but will not help licensed companies achieve their target. It will also not be financed banks for Citi Gas projects.
For your information, a regulator has received 136 licenses, including 7200 CNG stations in 20 states and 3.5 crore households with a gas pipeline with an investment of Rs 1.2 lakh crore. On the other hand, business people say that the introduction of electric vehicles will affect THE sale of CNG, which will lead to the fall in revenue of gas supply companies Indraprastha Gas Limited and Mahanagar Gas. At present, CNG companies are the largest revenue driven by three-wheelers, taxis and city buses, he says. On the other hand, most private customers don't like CNG vehicles because they don't like long queues. They won't make any difference by having electric switches of two-wheeled vehicles.
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