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India Sets National Electric Vehicle Targets


India's Prime Minister announced a national electric vehicle plan last week with a target of 6-7 million vehicles sold by 2020.

That would save about 2.5 million ton of liquid fuels and lower emissions from vehicles by 1.5%. 

Under the National Electric Mobility Mission Plan 2020, government and the automotive industry will split $4.2 billion in investments to increase domestic manufacturing and incentivize sales of hybrid and electric vehicles in India. 

The plan was developed in concert with the automotive industry. India's government will facilitate automotive research and development and put in place charging infrastructure, and industry will be responsible for developing products and creating a manufacturing ecosystem.