April 21st, 2017 by Saurabh Mahapatra 
The Indian government is working on ways to incentivize consumers to purchase electric vehicles with a target to have a 100% electric car fleet by 2030.
The Minister for Power, Coal and New & Renewable Energy Piyush Goyal recently stated that his government is looking at innovative ways to have people purchase electric vehicles without the need for any subsidies. The minister did share some of the thought process the government is working on and clarified that nothing has been finalized yet.
Goyal proposed that people could purchase electric vehicles with zero down payments, meaning no upfront payment, and then payout the cost of the vehicle in installments from the savings they realize on petroleum products.
This proposal is similar to what the government has already managed to accomplish from the Domestic Efficient Lighting Programme. Under this scheme, energy efficiency companies sold LED lamps to homeowners …
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