The program envisages 6-7 million units of new electric vehicles on road by 2020 resulting in fuel savings of 2.2 – 2.5 million tones.
Measures that facilitate faster consumer acceptance of new technologies besides augmenting automotive research & development facilities and developing re-charging infrastructure are expected to be soon unveiled.
Total investment to achieve the said goals is expected to be in the range of INR20bn ($360m) to INR23bn ($414m) with the government expected to plough in INR12.25bn ($220) to INR13.85bn ($250m).
Large private investments will be encouraged from the industry to develop the products and create manufacturing eco-system required.
The plan and its working will be soon unveiled with implementation to be headed by the Department of Heavy Industries in partnership with the National Automotive Testing and R&D Infrastructure Project.
