Finance Ministry Launches Induction Of 15 Electric Vehicles; Begins Transition Towards A More Environmentally Sustainable Future

Capital Market 

The Union Minister of Finance and Corporate Affairs, Shri along with the (I/C) for Power and New & Renewable Energy, Shri R. K. Singh launched the induction of 15 in the (DEA), in New today. Marking the adoption of e-mobility, the Department of Economic Affairs, Ministry of Finance, has signed an agreement with Efficiency Services Limited (EESL), an entity under the for deployment of 15 for their officers. Also, 28 charging points (24 Slow charging points charging in 6 hours and 4 Fast Charging Points charging in 90 minutes) have been installed at North Block for charging these vehicles.

With the induction of these 15 vehicles being provided on lease basis for a period of 5 years, DEA 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.

With this development, the Department of Economic Affairs, begins its transition towards a reduced carbon footprint and a more environmentally sustainable future. It also marks its participation in India's goal of 30 percent fleet electrification by 2030. Several stakeholders across the nation are already implementing many initiatives to support electric mobility with more expected to join the effort.

The has also issued an office memorandum for all the Government Offices in to switch over to Several stakeholders across the nation are already implementing many initiatives to support electric mobility with more expected to join the effort. Adoption of electric vehicles will reduce dependence on and promote power capacity addition in thereby enhancing security of the country.

It will further reduce GHG emissions from the sector and also positively impact the pollution level in the cities.

Speaking on the occasion, the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley, said that Electric mobility, is an attractive, to mitigate adverse impact of climate change and the threat to public health caused especially by vehicular emission. He said that 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 of rapid adoption of e-mobility, he concluded.

The (I/C) Power, New & Renewable Energy, Shri RK Singh said that the is committed to usher in an era of clean, in the country. Today, we have achieved yet another milestone in that direction. He said that the Government is promoting by taking a lead in changing the fleet of cars used for official purposes with electric cars and at the same time creating the Right Policy Framework enabling this ecosystem and to support its adoption.

EESL has received an encouraging response from the Central Government Departments and across the States. So far, Agreements and MoUs have been signed with the Central and State Government Departments in Delhi, Maharashtra, and Telangana. EESL is in advanced negotiations with other State Governments across The recent Guidelines on charging infrastructure provide a thrust to Private & Public Charging Stations ensuring access & availability for consumers. Further, the inclusion of CCS & CHAdeMO under charging infra standards is set to encourage automakers to offer higher range EVs. This will remove barriers like range and build confidence for EV consumers.

Towards enabling the Indian Government's vision, EESL first plans to replace the Government's 5,00,000 conventional Internal Combustion Engine (ICE) cars with electric variants. EESL has also established charging infrastructure across all the States where EVs are being deployed.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 10:10 IST