Electric Vehicles

BIG BOOST FOR PRIVATE INVESTMENT IN ELECTRIC VEHICLE CHARGING INFRASTRUCTURE

In order to boost private investment in charging infrastructure in the country, Ministry of Power (MoP) has issued the "clarification on charging infrastructure for Electric Vehicles with reference to the provisions of the Electricity Act 2003" on 13 April 2018. The power sector is regulated under The Electricity Act 2003.

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ELECTRIC BUSES PROCUREMENT IN INDIA – INDIAN CITIES GOT THE VIABLE RATES

Last 2 months has witnessed a greater action in the space of electric buses. Department of Heavy Industries (DHI), Government of India sanctioned INR 4.37 billion (US$ 67 million) for the procurement of electric buses, e-taxis and e-autos in December 2017. The department has selected 11 cities with one million-plus population for the procurement of 390 electric buses, and is providing funds to the tune of INR 10 million (US$ 150,000) per bus.

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INDIAN BUDGET – IMPLICATION FOR TRANSPORT SECTOR

Government of India has unveiled its annual budget for year 2017-18 with big fanfare. The government has allocated INR 2413.87 billion (US$ 37 billion) in 2017-18 for transportation sector as a whole, including rail, roads, shipping. It is expected that the magnitude of investment will spur a huge amount of economic activity across the country and create more job opportunities.

1.       KEY HIGHLIGHTS

The major highlights of the budget are:

RAILWAYS

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