Tuesday, Jan 22 2019 | Time 14:40 Hrs(IST)
image
  • Sahiwal killings: Lahore High Court summons Punjab chief Javed Saleemi
  • Fresh snow hampers op; dozens of remote areas remain cutoff in Kashmir
  • Air quality improves to 'moderate' with rain in Delhi, traffic affected
  • Water situation in Marathwada region alarming
  • Boat Tragedy: The death toll in yesterday's Boat capsize rose to 12 with recovery of 4 more bodies from Sea
  • Rishabh Pant named ICC Men's Emerging Player of the Year
  • PM to interact with students, parents on exam stress, thanks 'Kashi vasi' for hosting PBD
  • India in touch with Russia over fire in Kerch Strait
  • India in touch with Russia over fire in Kerch Strait
  • Virat earns Sir Garfield Sobers Trophy
  • Militants attack security forces in south Kashmir’s Pulwama
  • Afghan:Over 100 security forces killed in Taliban attack
  • Govt is working to introduce chip-based e-passport, says PM Modi
  • Two militants killed in Shopian encounter
  • France summons Italian envoy over Africa remarks
Business Economy Share

Electric vehicles have potential to support India's growth: Jaitley

Electric vehicles have potential to support India's growth: Jaitley

New Delhi, Jan 9 (UNI) Electric mobility helps in reducing adverse impact of climate change and at the same time electric vehicles have the potential to support the India’s growth by enhancing manufacturing, job creation and technical capabilities, Union Finance Minister Arun Jaitley said on Wednesday.

“Electric mobility is an attractive, sustainable and profitable solution to mitigate adverse impact of climate change and the threat to public health caused especially by vehicular emission,” Mr Jaitley said.

He said EVs have the potential to support India’s growth by enhancing manufacturing, job creation, and technical capabilities. “We are glad to be a part of India’s mission of rapid adoption of e-mobility.”

He was speaking after launching the induction of 15 Electric Vehicles in the Department of Economic Affairs, Ministry of Finance along with Union Power and New and Renewable Energy Minister RK Singh.

The electric vehicles will reduce dependence on oil imports and promote power capacity addition in India thereby enhancing energy security of the country. It will further reduce GHG emissions from the transport sector and also positively impact the pollution level in the cities.

Marking the adoption of e-mobility, the Department of Economic Affairs has signed an agreement with Energy Efficiency Services Limited (EESL), an entity under the Ministry of Power for deployment of 15 EVs for their officers.

Also, 28 charging points (24 slow charging points charging in six hours and four fast charging points charging in 90 minutes) have been installed at the North Block for charging these vehicles.



With the induction of these 15 vehicles being provided on lease basis for a period of five years, the Department is expected to save over 36,000 litres of fuel every year besides leading to reduction of over 440 tonnes of CO2 annually. These vehicles are automatic and fully air-conditioned with zero emission.

The Government will also save in maintenance and operating cost which is almost one fourth in comparison to an internal combustion engine.

The development marks the Department’s participation in India’s e-mobility goal of 30 per cent fleet electrification by 2030.

The Department of Expenditure has also issued an office memorandum for all the government offices in Delhi to switch over to electric vehicles.



UNI SW SHK1742

More News

Chennai Oil Market Rates

22 Jan 2019 | 12:02 PM

Chennai, Jan 22 (UNI) Following are the rates in the
Chennai Oil Market here today.

 Sharesee more..
Major currencies down

Major currencies down

22 Jan 2019 | 11:58 AM

Mumbai, Jan 22 (UNI) Following is the indicative currency rates and travellers' cheques buying and selling rates per unit.

 Sharesee more..
Rupee up by 5 paise against USD

Rupee up by 5 paise against USD

22 Jan 2019 | 11:57 AM

Mumbai, Jan 22 (UNI) The Rupee on Tuesday rose marginally by five paise at 71.

 Sharesee more..
Sensex falls by 168 05 pts

Sensex falls by 168 05 pts

22 Jan 2019 | 11:55 AM

Mumbai, Jan 22 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Tuesday declined by 168.05 points to 36,410.91 in the opening trade on profit booking by local operators at higher level.

 Sharesee more..
Bullion Market Opening rates

Bullion Market Opening rates

22 Jan 2019 | 11:52 AM

Chennai, Jan 22 (UNI) Following is the bullion markets
opening rate here today.

 Sharesee more..
image