MNRE provides Central Financial Assistance to 47000 new battery operated vehicle
No new proposals supported since all the budget is already utilized to fulfill the past commitments
December 19, 2013. By Moulin
The Ministry of New and Renewable Energy (MNRE) has provided Central Financial Assistance for purchasing of new battery operated vehicles (four wheelers and two wheelers) and has supported 47000 vehicles. However, no new proposal could be supported due to utilization of budget for liquidating the committed liabilities in the past years.
While the Society of Manufactures of Electrical Vehicles (SMEV) has informed about reduction in sale of electrical vehicles, this can not be attributed to non availability of subsidy alone. The Ministry of Heavy Industries and Public Enterprises has taken initiatives to support promotion of large scale electric vehicles under its National Electric Mobility Mission to continue the subsidy for promoting electrical vehicles
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