Blog: Gathering Speed at Snail’s Pace ?

Tuesday, 2 October 2018

Gathering Speed at Snail’s Pace ?

Here is a news report which appeared today :

Next Game Plan For Emobility: Govt To Introduce Tradable Coupons For Automakers

Extract :

In another move to encourage adoption of electric vehicles, the Indian government is reportedly planning to introduce tradable auto-emission coupons for automakers.

This move is aimed at encouraging the automakers to make electric vehicles and its infrastructure economically viable right from the beginning

According to reports, prices of the coupons, will be market driven.

The coupons will be credits based on carbon dioxide emissions per kilometre as well as on a sliding scale for vehicle efficiency.

Under this proposal, automobile manufacturers will be able to redeem these coupons and avail incentives or subsidies

I welcome this “ planned “ initiative , which I suggested through my following email to the Policy Makers , some 2 – ½ years back

PIYUSH PLAN ? [ 27 March 2016 ]

Extract from my E mail :

My suggestion :

Forget about ,

* Computing of " Individual Savings "

* Giving electric cars " free initially "

* Owners " paying back from savings "

Based on car specifications / assumed average monthly usage etc , figure out and fix

* " Carbon Credits " for each model of electric car manufactured

* Based on Carbon Credits earned , calculate Direct Transfer of Benefit ( DTB ) to electric

car manufacturers based on monthly dispatches of each model

and then transfer these amounts from EVFF , as incentives to manufacturers

As far as incentives to electric car owners is concerned , make tax-exempt , all interest paid by owners for car loans taken , without any ceiling

In my e mail, I had conceptualized EVFF as follows :

I say :

* No questions asked for any CASH deposited into a person's Jan Dhan Bank account

* Create a SPV called , EVFF ( Electric Vehicle Finance Fund )

* Public can invest in this fund but only from their Jan Dhan Bank Accounts deposits

* Interest earned from EVFF to be totally free from personal Income Tax for 10 years

* EVFF will finance Car Loan companies or " Hire Purchase Schemes " of car manufacturers

* Car finance companies will be asked to stop financing of petrol / diesel cars and finance

only electric vehicles

If this is implemented , within 6 months , EVFF will be able to create a Corpus of Rs 10 lakh*crores !

Can you think of a better way of harnessing BLACK money to finance a GREEN future ?

Dear Shri Narendrabhai,

While congratulating for getting the prestigious award of ,

Champion of the Earth ,

from International Solar Alliance , I urge you to announce setting up of EVFF at your earliest

Not only will EVFF enable the Government to pay to the Electric Vehicle Manufacturers , those CARBON CREDITS , but also speed up the adoption of EVs by the public

All without posing any FINANCIAL BURDEN on the government !

If not for all electric vehicles , please consider my suggestion ( for creation of EVFF ) , at least for PUBLIC TRANSPORT VEHICLES ( buses / taxies / rickshaws etc )

And the real bonanza will be : India made Electric Cars will get exported to all over the World since my suggestion would dramatically lower the MANUFACTURING COSTS !

That too without violating any rules of WTO !

===========================