40% of vehicles will be electric by 2030: SIAM

Sep 07 2018 11:08 AM
40% of vehicles will be electric by 2030: SIAM

SIAM asked the government to consider a long-term policy for the government to promote electric vehicles in the country. With this type of policy, the industry will be able to make investment plans correctly for the future. However, Siam demanded that this section be reduced to implement the real possibility.

Addressing the annual conference of the Society of Indian Automobile Manufacturers (SIAM), the outgoing President Abhay Firodia expressed regret over the decision to stay away from the government's Electric Vehicle Policy. He said that on the request of the government, SIAM has proposed a policy to run 40 percent of the vehicle by electricity by 2030 and to bring 100 percent of its vehicles to 2047.

Firodia said, "After the announcement of unexpectedly increasing the electric vehicles (EV) in the country, the government said that it will not formally issue any policy for the promotion of the EV but its spread Special steps will be taken for that. "

Firodia said, "The government is not a long-term approach and this is not helpful for this industry. A clear objective would help the industry to make future investment plans. "

He said that EV would need infrastructure and a whole framework. About GST, Ferodia said that this was an important moment and the automobile industry was taking it positively for a long time. The industry has been demanding a stable policy and has been looking for a change in the mindset of the customers that the vehicles should not be considered as luxury goods.

Firodia said that the access to vehicles is less in India than in other countries. The industry is in the process of investing around one lakh crores to meet BS-6 emission standards.

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