Demand of Hybrid and Electric Vehicles picks up; To save Rs 62000 crores on crude oil by 2020

Ministry of Heavy Industries & Public Enterprises           03-May, 2016 14:59 IST

Initially there was lack of demand of electric and hybrid vehicles in absence of demand incentives. However due to introduction of FAME India Scheme, demand of Hybrid and Electric Vehicles started picking up.

As per the National Mission on Electric Mobility, if present scheme continue till 2020, it is expected to save approximately 9500 million litre of crude oil equivalent of Rs. 62000 Crores.