India's new plan to spend huge sums to push electric and hybrid car development

Recently, India has adopted a new stimulus plan that will invest Rs. 230 billion in the next eight years to promote the production of electric vehicles and hybrid vehicles, and strive to produce 6 million green cars by 2020. (1 rupee is about 0.1142 yuan)

According to Reuters, India’s electric vehicle and hybrid vehicle industry has just started. Most manufacturers are still paying attention to alternative small-displacement vehicles. The attention of the former is not high, and the cost of new technologies is too high. Supportive infrastructure also has great shortcomings.

The only manufacturer in India that focuses on the production of electric vehicles Mahindra? Rewa's chairman Paiva? Pawan Goenka said: "The problem is the feasibility, there is still a gap between the cost of the car and the consumer's ability to pay."

India hopes to produce 6 million green cars in the future, and expects 400 to 5 million of these two-wheeled vehicles. Rewa, India, is controlled by the Mahindra company to plan the annual sales of electric vehicles to 30,000 by 2016.

Sundareshan, minister of India's heavy industrial sector, pointed out that in the entire investment plan, the government will provide about 1300 to 1400 billion rupees in funds and the rest will be provided by companies. He said: "With regard to subsidies, research and development, demand creation and infrastructure, we will propose a number of special programs."

It is reported that in April this year, after the Indian government cancelled the subsidy of 100,000 rupees per vehicle, the slow-growing electric vehicle market in India was on the verge of collapse.