In what would appear as a really far-fetched dream, India's power minister Piyush Goyal recently announced that the government is aiming to have an all electric-car fleet on Indian roads by the year 2030. Considering the fact that more than half of the population in the country aren't even aware of the concept and spotting an electric car on an Indian road is actually a thing that happens once in a blue moon, how Goyal plans to magically turnaround the whole situation in mere 13 years is something one would have to wait and watch.

While we're wondering how Goyal is planning to make this possible, he seems to have everything figured. "We are going to introduce electric vehicles in a very big way. We are going to make electric vehicles self- sufficient like Unnat Jyoti by Affordable LEDs for All (UJALA). The idea is that by 2030, not a single petrol or diesel car should be sold in the country,” said Goyal at the CII Annual Session 2017 in New Delhi recently.

By going the electric-car way, Goyal's main objective is to lower the huge fuel import bill that the country is currently footing as well significantly reduce the running cost of vehicles.

Discussing his plan of action for making the 2030 aim possible, Goyal said that the government could initially handhold the electric vehicle industry for 2-3 years and help it stabilise and after that the industry can take it from there and build on the success trajectory. He also gave the example of Indian automobile major, Maruti, which netted a whopping 30 per cent profit this time, and explained how the government had initially supported the car maker in the country, which eventually led to the birth of the big Indian automotive industry.

Goyal also revealed that the ministry of heavy industries and the NITI Aayog are currently working together on formulating a policy for promotion of electric vehicles in the country. The power minister believes that people in India would surely buy electric cars over others when they find out about their cost effectiveness. While addressing the CII Annual Session 2017, Goyal also talked about offshore wind projects, and said these are more like an R&D project. He suggested that big public sector undertakings (PSUs) can initially invest in such projects that will lead to development of this segment in the coming years.

The power minister is optimistic that just like how the country has made UJALA such as huge success, they will also corporate and contribute towards the government's mission to have an all electric-car fleet on Indian roads by 2030, and help India’s energy efficiency. Through UJALA, the LED distribution programme, the country has seen about 500 million LED bulbs being sold in the last two years.

[Top Image - EdgyMinds]

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