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Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The Union Road Transport and Highways Minister Nitin Gadkari have once again explained that the National AutomobileScrappage Policy will help to increase the economic growth and boost employment generation in the country. Vehicle scrappage policy.
Electric vehicles are covered under Production Linked Incentive (PLI) scheme for automobile and auto components, which was approved on 15.09.2021 with a budgetary outlay of Rs. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari. for a period of five years.
There are no regulations barring use of vehicles more than 15 years in rural areas, which has spawned a growing market for pre-owned cars in the hinterlands, limiting the scrappage aims, according to a government study. However, not much has happened in terms of implementation.
The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work,” Secretary LaHood said. billion in rebates.
Scrappage schemes. It does not make sense to align our standards to a market that has weak voluntary standards and does not produce automobiles. Members also note that in Europe the emissions standards are set for periods of longer than one year, as automobile engines are not re-designed on an annual basis. See below 10 ).
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