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Incentives For Battery, Electricity Powered Vehicles Approved, Cabinet To Grant 29.5 Pc ConcessionalBy Anirudh Chturvedi, Section Business
In a bid to promote vehicles powered by batteries and electricity the Delhi Cabinet has approved a proposal to grant concessional facilities on such vehicles. The Cabinet has decided to grant 29.5 per cent concessional facilities to purchasers of 2/3/4 wheel battery-operated vehicles in the Capital.
The concessions include a VAT refund of 12.5 percent through the Air Ambience Fund, 15 percent subsidy on the base price of the vehicle also to be refunded to the dealer through the Air Ambience Fund for all indigenously manufactured battery-operated vehicles being noiseless and pollution-free. Apart from this two percent concession in Road Tax and registration expenses would also be granted by way of reimbursement through the Air Ambience Fund. After the Cabinet meeting, Chief Minister Sheila Dikshit said that the Congress Government would allow Delhi citizens to have access to a clean-fuelled vehicle to ensure an improvement in the air quality. Dikshit added that her Government was committed to ensuring that zero pollution vehicles were encouraged and given extra support. For making battery-operated vehicles attractive to consumers, certain concessions were necessary to be provided to customers to motivate them to opt for the cleaner vehicle option. Dikshit further stated that the total collection from the Air Ambience Fund would be sufficient to cover such concessions. The Cabinet also gave its approval for the signing of a memo of understanding with Indian National Trust for Art and Cultural Heritage (INTACH) for declaration of Delhi as a World Heritage city. Source: The Pioneer April-18-2008
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