Saturday, September 15, 2012

ELECTRIC MOBILITY MISSION PLAN CLEARED

Government approved the policy document for National Electric Mobility-2020 Mission plan, an
ambitious plan that entails to set up an 'electric vehicle' ecosystem around the country with public
investment of around Rs 14,000 crore by 2020. The auto industry is expected to invest another
Rs 6,000 crore in the project taking the entire investment to about Rs 20,000 crore. Government
was also eying sales of close to 6 million vehicles with the help of the plan. Initial projections estimate a saving of as much as Rs 30,000 crore in fuel costs through this plan.

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