Power Update

No road tax on EV: Amitabh Kant

Energy Storage India (ESI) had power packed sessions at Energy Storage India 2019. Suresh Prabhu, Minister for Industry and Commerce addressed the Make in India session.

Talking at the ‘Make in India’ session, Amitabh Kant, Chief Executive Officer, NITI Aayog, said, “We have proposed to the chief secretaries of the states that there should be no road tax for electric vehicles for issuing green permit for EVs. When the EV revolution happens, India would be impacted in the biggest way. For India to successfully move away from fossil-fuel dependence,oil companies should become the energy companies of the future.”

Dr. Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA) said, “We anticipate the energy storage market in India to grow to 300 GWh by 2025. This could result in over $5 billion of investment in this sector by 2020.”

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