CarWale
    AD

    Government likely to roll out electric car subsidy by April

    Authors Image

    Venkat Desirazu

    8,074 Views
    Government likely to roll out electric car subsidy by April

    The Ministry of Industries is likely to roll out the subsidy for electric cars under the National Electric Mobility Mission Plan by April next year. It had been introduced earlier this year by Prime Minister Manmohan Singh but was ultimately put in limbo due to adverse economic conditions. 

    Speaking on the sidelines of the fourth annual SIAM diesel convention in Mumbai, Ambuj Sharma, additional secretary, Ministry of Heavy Industries told the Economic Times that the main impediment in rolling out the subsidy was that the government was short on funds.

    He said that the government was looking at a total of Rs 12,000 crore over the next seven years with an average of Rs 2,000 crore and is currently working with the finance ministry to see if it could tie up to fund the incentives. However, he hinted that the first two years would be a little low in terms of amount but would increase once the economy picked up.

    Sharma said that the government was looking at the total cost of the ownership model to give incentives to car buyers and that if the electric vehicles markets took off, it would save Rs 40,000 crore worth of fuel annually.

    The biggest player in the electric cars market is currently Mahindra Reva who has a Greenfield Facility outside Bengaluru where they manufacture the e2o. The car is expected to be joined by hybrid models from Tata and Maruti Suzuki.

    Related News

    Popular News

    Recent News

    Mahindra e2o [2014-2016] Gallery

    Featured Cars

    • HATCHBACKS
    • JUST LAUNCHED
    • Upcoming
    Maruti Suzuki Swift
    Maruti Swift
    Rs. 7.45 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Tata Tiago
    Tata Tiago
    Rs. 5.63 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Maruti Suzuki Baleno
    Maruti Baleno
    Rs. 7.57 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Hyundai Grand i10 Nios
    Hyundai Grand i10 Nios
    Rs. 6.80 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Maruti Suzuki Alto K10
    Maruti Alto K10
    Rs. 4.51 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Tata Altroz
    Tata Altroz
    Rs. 7.46 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Renault Kwid
    Renault Kwid
    Rs. 5.25 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Maruti Suzuki Wagon R
    Maruti Wagon R
    Rs. 6.34 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    BMW M5
    BMW M5
    Rs. 2.29 Croreonwards
    On-Road Price, Puri
    Check On-Road Price
    JUST LAUNCHED
    21st NOV
    Mercedes-Benz AMG C 63 S E Performance
    Mercedes-Benz AMG C 63 S E Performance
    Rs. 2.25 Croreonwards
    On-Road Price, Puri
    Check On-Road Price
    JUST LAUNCHED
    12th NOV
    Maruti Suzuki Dzire
    Maruti Dzire
    Rs. 7.79 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    JUST LAUNCHED
    11th NOV
    Skoda Kylaq
    Skoda Kylaq
    Rs. 8.95 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    JUST LAUNCHED
    6th NOV
    Mercedes-Benz AMG G-Class
    Mercedes-Benz AMG G-Class
    Rs. 4.14 Croreonwards
    On-Road Price, Puri
    Check On-Road Price
    Mercedes-Benz E-Class
    Mercedes-Benz E-Class
    Rs. 90.66 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Volvo EX40
    Volvo EX40
    Rs. 59.30 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    BYD eMax 7
    BYD eMax 7
    Rs. 28.39 Lakhonwards
    On-Road Price, Puri
    Check On-Road Price
    Audi Q7 facelift
    LAUNCHING SOON
    Nov 2024
    Audi Q7 facelift

    Rs. 89.00 - 98.00 LakhEstimated Price

    28th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra XEV 9e
    Mahindra XEV 9e

    Rs. 50.00 - 52.00 LakhEstimated Price

    26th Nov 2024Expected Launch

    Get Launch Alert on WhatsApp

    Mahindra BE 6e
    Mahindra BE 6e

    Rs. 17.00 - 21.00 LakhEstimated Price

    26th Nov 2024Unveil Date

    Get Launch Alert on WhatsApp

    Honda Amaze 2024
    LAUNCHING SOON
    Dec 2024
    Honda Amaze 2024

    Rs. 7.50 - 10.00 LakhEstimated Price

    4th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    Toyota Camry 2024
    Toyota Camry 2024

    Rs. 45.00 - 55.00 LakhEstimated Price

    11th Dec 2024Expected Launch

    Get Launch Alert on WhatsApp

    BMW New X3
    BMW New X3

    Rs. 65.00 - 70.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Hyundai Creta EV
    Hyundai Creta EV

    Rs. 22.00 - 26.00 LakhEstimated Price

    Jan 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Tata Punch facelift
    Tata Punch facelift

    Rs. 6.00 - 11.00 LakhEstimated Price

    Feb 2025 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    AD
    • mahindra-cars
    • other brands
    Mahindra XUV 3XO
    Mahindra XUV 3XO
    Rs. 8.90 Lakhonwards
    On-Road Price, Puri
    Mahindra Thar Roxx
    Mahindra Thar Roxx
    Rs. 15.32 Lakhonwards
    On-Road Price, Puri
    Mahindra Scorpio N
    Mahindra Scorpio N
    Rs. 16.31 Lakhonwards
    On-Road Price, Puri

    Mahindra e2o [2014-2016] Price in cities near Puri

    CityOn-Road Prices
    MumbaiRs. 5.48 Lakh
    BangaloreRs. 6.79 Lakh
    DelhiRs. 6.49 Lakh
    PuneRs. 5.40 Lakh
    HyderabadRs. 8.46 Lakh
    AhmedabadRs. 8.40 Lakh
    KolkataRs. 7.06 Lakh
    ChandigarhRs. 8.45 Lakh

    Popular Videos

    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from CarWale
    • Home
    • News
    • Government likely to roll out electric car subsidy by April