LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

SIAM proposes all new vehicle sales in India to be electric vehicles by 2047

In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) said it is aiming at 40 per cent of new vehicle sales in the country to be pure electric by 2030.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
SIAM proposes all new vehicle sales in India to be electric vehicles by 2047
Cleaner fossil fuel vehicles will be an essential stepping stone in this journey towards 100 per cent pure electric. Image source: Pixabay
Updated: Wed, Dec 20, 2017
02:49 pm
PTI
RELATED NEWS
Rs 20-lakh cr economic package to boost demand, growth once again: SIAM Rs 20-lakh cr economic package to boost demand, growth once again: SIAM
FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter
GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances
Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes
Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1 Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1

Automobile industry body SIAM has proposed all new vehicle sales in India to be pure electric by 2047 while the same for intra-city public transport fleet can be achieved by 2030.

In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) said it is aiming at 40 per cent of new vehicle sales in the country to be pure electric by 2030.

The paper has been brought out in line with the government's vision of 100 per cent electric for public mobility and 40 per cent electric for personal mobility by 2030, it said in a statement.

However, former power minister Piyush Goyal had in April this year said: "The idea is that by 2030, not a single petrol or diesel car should be sold in the country."

Proposing 100 per cent pure electric vehicles -- battery electric and fuel cell -- by the 100th anniversary of India's Independence in 2047, SIAM outlined a road map that includes 60 per cent of new vehicle sales in the country to employ greener technologies like hybrids and other alternative fuels by 2030.

To make sure this vision is realised, the industry, the government and various stakeholders need to collaborate and invest with 100 per cent commitment, SIAM President Abhay Firodia said.

"To ensure smooth phasing in of pure electric vehicles and to sustain the transition to cleaner fossil fuel vehicles, the IC (internal combustion) engine upgradation must continue over the next decade or so," the paper added.

Progressively, cleaner fossil fuel vehicles will be an essential stepping stone in this journey towards 100 per cent pure electric, it added.

The proposed policy measures in the White Paper will be needed for creating a robust market and manufacturing ecosystem for electric vehicles in India and such a policy must be sustained over time to remain stable to enable the industry commit to investments with full confidence, Firodia added.

He also emphasised that policy should be necessarily adaptive in view of the nature of the fast-evolving technology.

"At the same time, there must not be sudden changes so as to allow outcomes in a planned manner and to ensure that the necessary transformation takes place with the minimum of disruption which may have socio-economic impact in terms of industrial growth, employment and livelihood of people in the auto industry," Firodia said. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SIAMElectric Vehiclefossil fuelecosystemPiyush GoyalAbhay FirodiaWhite Paper
RELATED NEWS
Rs 20-lakh cr economic package to boost demand, growth once again: SIAM Rs 20-lakh cr economic package to boost demand, growth once again: SIAM
FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter
GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances
Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes
Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1 Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1

LATEST NEWS

Rajasthan School Latest Exam News Today: GOOD NEWS! Students of classes 6 and 7 to get promoted without exams - check details here

Even in pandemic FY21 NOT a DUD – Money raised via IPOs, FPOs up by a WHOPPING 115%

Yes Bank share price today: Expert says that immediate support is at Rs 13.70 while resistance is at Rs 15.30 levels

THIS WhatsApp forward claiming to register for COVID-19 vaccine is fake - Check all details here

Free Fire OB27 update: Check release date and time in India, upcoming patch, weapons and more

Cancel CBSE Board Exam 2021: After Arvind Kejriwal, Punjab CM Amarinder Singh says POSTPONE CBSE board exams, shoots off letter to Pokhriyal

Garena Free Fire OB27 update: Check early patch notes, confirmed features, upcoming changes and more NOW

Gujarat Board Latest Exam News: Will GSHSEB POSTPONE HSC SSC exams? Class 10, class 12 board exam candidates, DON'T MISS to check details here

Infosys buyback announced! Pegged at Rs 9200 cr, price set not to exceed Rs 1750

TCS emphasizes on providing technological solutions to its customers: V Ramakrishnan, CFO

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved