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Home Banking & Finance

Financing companies urged to tie up with EV Companies

Fiinews by Fiinews
May 5, 2021
in Banking & Finance, Technology
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EV policy should incorporate exemptions

Financing companies should tie-up with the EV Companies to promote e-vehicle sales while industries mustcome up with fast charging options, Dr. Kamal Preet Singh, Secretary, Department of Transport, Chhattisgarh, told a webinar on “Making India an EV Nation: Learning Globally”.

Also, India should keep in mind three factors: Pollution, Public Transport and Purchasing Power of the Public, added Rajeev Arun Ekka, Principle Secretary to CM of Jharkhand.

“The EV Policy should incorporate exemptions, subsidies and should also have a highlight of the low interest loans as compared to normal vehicles to attract the buyer,” said Ekka, who was the Chief Guest at the webinar held 1 May 2021.

A large numbers of charging stations are needed and the prices of the EVs should be competitive with the ones running on fuel, he stressed.

Encouraging adoption of electric vehicles in India is one step out of the large number of steps which need to be taken for sustainable development, according to PHDCCI President Sanjay Aggarwal who also complimented the central and state Governments as well as Delhi’s SWITCH DELHI for their progressive policies and continuous endeavors for promoting adoption of EVs in India. #banking #renewables #electric #e-vehicles #manufacturing #investment #makeinindia #technology /fiinews.com

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