To drive sale of EVs, government to clarify they are exempt from 15-year 'end of life' norm
NEW DELHI: In a bid to increase the penetration of electric buses, cars and trucks, and to spur their sales, government is likely to clarify soon that the 15-year 'End of Life' (EoL) regulation isn't applicable to EVs.
The power ministry will also expedite extending the CAFE norms (regulations designed to reduce fuel consumption and CO2 emissions) to urban freight vehicles, trucks and buses.
These were among the steps finalised at a recent high-level meeting chaired by Niti Aayog member Rajiv Gauba amid concerns over the slow progress of EV penetration in the country, which was barely 7.6% in 2024, as against the target of 30% by 2030.
While EV penetration is higher for two- and three-wheelers and buses, it has been slow for four-wheelers, with e-trucks not having taken off so far.
Sources said that responding to an observation from road transport secretary V Umashankar that most over 15-year-old buses are privately owned, Niti Aayog CEO BVR Subrahmanyam suggested that if the 15-year EOL regulation is not applied to EVs, it may spur sales.
Umashankar also held that a mandate for EV adoption works best at places where a certain level of penetration and ecosystem are in place.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
When the Camera Clicked at the Worst Possible Time
Lintmit.com
Read More
Undo
Sources said there was a consensus to move from incentives to mandates and disincentives for faster EV adoption and for strategies to have saturation in five cities for buses, para-transit and urban freight vehicles. A source said there was unanimous agreement on the need for fast expansion of charging infrastructure, deployment of fast chargers, development of new battery technologies to reduce import dependence and easier finance for e-buses and e-trucks.
Days later, the finance ministry held talks with banks to address their reluctance to finance EVs and the issue of higher interest rates.
At the meeting chaired by financial services secretary M Nagaraju, banks urged govt to standardise batteries, bring down vehicle costs and announce some incentive for purchase of new batteries, considering that batteries usually have to be replaced in 6-7 years and account for 40-50% of the cost of EVs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Gautam Adani redesignated as non-executive chairman of APSEZ
Adani Ports and Special Economic Zone Ltd ( APSEZ ) -- part of the Adani Group -- on Tuesday said billionaire Gautam Adani has been redesignated from executive chairman to non-executive chairman with immediate effect. APSEZ in an regulatory filing said, based on the recommendation of nomination and remuneration committee, the board has approved redesignation of Gautam Adani from executive chairman to non-executive chairman with effect from August 5, and consequently he would cease to be a key managerial personnel of the company. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The company appointed Manish Kejriwal as additional director (non-executive, independent) of the company for an initial term of three years from August 5, subject to the approval of shareholders within three months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3BHK Transformation Possible for ₹4.5 Lakh? HomeLane Get Quote In a statement, APSEZ said this change ensures compliance with the applicable provisions of the Companies Act, which restrict key managerial personnel from holding executive positions in more than one company simultaneously. "Given that APSEZ already has two executive directors - a Managing Director and a Whole-Time Director & CEO - this re-designation will also enable Mr Adani to devote greater attention to the strategic direction and growth of other entities within the Adani Group. Mr Adani continues to serve as the Chairman of APSEZ," the company said. Live Events APSEZ is part of the globally diversified Adani Group, with a national footprint of 15 ports and a presence in four ports outside India.
Time of India
35 minutes ago
- Time of India
Catholic Sabha demands justice for nuns arrested in Chhattisgarh
Mangaluru/ Udupi: Hundreds of citizens, social activists, and religious leaders gathered outside the Mini Vidhana Soudha on Monday, under the aegis of the Catholic Sabha Mangalore Pradesh, to demand justice for two Catholic nuns and a tribal youth arrested in Chhattisgarh under dubious charges. They stood in solidarity with Sister Preethi Mary and Sister Vandana Francis—both from Kerala—and Sukaman Mandavi of Narayanpur, arrested on July 25 at Durg Railway Station on alleged charges of human trafficking and forced religious conversion of three tribal women. Santosh D'Souza, president of the Catholic Sabha, delivered the opening remarks. Rophy D'Costa, former president and PRO of the Catholic Sabha, delivered the keynote address, underscoring the increasing intolerance and misuse of legal systems to target marginalised communities. Sr. Severine Menezes, former president of Conference of Religious India (CRI) Mangalore, said, "Christian institutions serve the most vulnerable—with education, healthcare, and social upliftment. To accuse us of coercion is to attack every person who selflessly serves." Rev Fr Dominic Vas, present CRI president and parish priest of St Mary's Church, Bikarnakatta, said, "We hold the Bible in one hand and the Constitution in the other. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo We are patriots—not fanatics. This case is fabricated and must be quashed. Justice delayed is justice denied." Roy Castelino, PRO of the Diocese of Mangalore, said, "The woman who lodged the complaint has vanished. Yet the sisters were quickly arrested. This is not justice. We demand that Jyothi Sharma face charges for filing a false, malicious complaint." The demonstration was also joined by former MLA JR Lobo, clergy members, and religious sisters—symbolising a united, intergenerational stand against rising hostility. A massive protest was held on Monday near the Ajjarakadu Martyrs' Memorial in Udupi, organised under the leadership of the Catholic Sabha of Udupi, in collaboration with various supporting organisations. The protest condemned the wrongful arrest and inhuman treatment of Christian nuns in Chhattisgarh based on false allegations.
Time of India
35 minutes ago
- Time of India
Vizag PCPIR stuck in limbo due to gaps in execution: NITI report
Visakhapatnam: Launched in 2007, Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs) are designated industrial zones aimed at driving petrochemical production through focused investment and infrastructure development. The Union govt approved four PCPIRs in Visakhapatnam (Andhra Pradesh), Dahej (Gujarat), Paradip (Odisha), and Cuddalore-Nagapattinam (Tamil Nadu). Despite being envisioned nearly two decades ago, the proposed PCPIR between Kakinada and Visakhapatnam remains unrealised. Spanning 640 square kilometres, its draft master plan projected 43,744 crore in investments and large-scale job creation—but momentum has stalled amid tepid investor interest. Key infrastructure, including LNG terminals at Kakinada and Gangavaram ports and a utility centre at APSEZ, as yet to take shape. A NITI Aayog report, released a few weeks ago, has highlighted the gaps in the execution of Andhra Pradesh's PCPIR project. Despite its strategic coastal location, the region lacks a finalised anchor tenant and faces significant challenges in land acquisition, regulatory clearances, and logistical support. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The Andhra Pradesh Industrial Infrastructure Corporation (APIIC), the nodal agency managing the chemical hub's implementation, also oversees a range of industries, diluting its focus on developing the chemical hub specifically. According to the NITI Aayog report, the Visakhapatnam-Kakinada hub has attracted investments worth 20,000 crore, whereas the PCPIR in Gujarat attracted over 1.2 lakh crore. "Strengthening infrastructure and regulatory processes, as well as securing anchor tenants, will be essential for realising the region's full potential. Critical areas still need attention to fully unlock the PCPIR's promise. To maintain global competitiveness, the region must improve infrastructure, streamline regulatory processes, prioritise sectoral growth, and address environmental and community concerns," said the NITI Aayog report. In response to these challenges, the Andhra Pradesh govt has recently decided to update the master plan for the Visakhapatnam-Kakinada PCPIR and appointed an agency to undertake this task. This agency will also be responsible for preparing a perspective plan and a zonal development plan. Furthermore, in 2021, the state govt replaced the then-existing Visakhapatnam-Kakinada PCPIR Special Development Authority with the VK-PCPIR Urban Development Authority (UDA) through an official gazette notification. The inclusion of new villages expanded the VK-PCPIR UDA to cover a total area of 640 square kilometres, spanning seven mandals in Visakhapatnam district and three in Kakinada district. The new entity now encompasses 10 revenue mandals and 97 villages, stretching from Kurada village in Visakhapatnam district to Vakalapudi in Kakinada. Officials from the Visakhapatnam Metropolitan Region Development Authority (VMRDA) said that meetings will be held with stakeholders in key areas within the VK-PCPIR UDA, and their suggestions will be incorporated into the updated master plan. PCPIRs across the country are designed to promote investments in the petroleum, chemicals, and petrochemical industries. These regions may include one or more special economic zones (SEZs), industrial parks, free trade and warehousing zones, export-oriented units, and growth centres.
