After second world war , European economy was in
shambles / devastated
It was revived through America's generous help in the
form of Marshal Plan
A couple of days back, Shri Piyush Goyal announced
intention to replace India's current petrol / diesel vehicles with Electric
vehicles , by 2030
Now , consider this :
* India boasts
of 200 million vehicles today
* We add some
10 million new vehicles each year
* Today ,
global electric vehicles number only 6.65 lakhs
* World may
reach 30 million electric vehicles by 2030
In light of this , is " PIYUSH PLAN
" feasible ?
Let us take up the associated issues , one by one , and
explore possible solutions
# TIME FRAME
for CHANGE-OVER
Replacing 13.3 million vehicles per year ( starting
TO-DAY ! ) to fully change-over 200 million vehicles in 15 years , is NOT
possible
Remember , some 10 million vehicles get added each year
for replacement / new demand
Way Out :
* Existing
vehicle manufacturers to COMMENCE production of electric vehicles by 2020 ,
giving them 5 years lead time to tool up
* Manufacturers
to start TAPERING OFF production of petrol / diesel vehicles from 2020 at the
rate of 10 % per year. In 10 years ( by 2030 ) , they must stop all old vehicle
production
* Simultaneously
, manufacturers to step up electric vehicle production by 10 % per year , so as
to achieve 100 % electric vehicle production by 2030
* This time
frame will also apply to auto components / ancillary manufacturers ( Batteries
etc )
* Complete
elimination of petrol / diesel vehicles from the roads to be targeted by 2050
# DISPOSAL OF
EXISTING VEHICLES ( 200 million +
produced till 2030 )
* Enable /
encourage MSME units to carry out " Retro Fitting " of existing
vehicles
* Vehicles older
than 15 years to be taken off the roads . Encourage MSME to salvage whatever
they can from such vehicles ( eg : Steel )
* Provide
special incentives to export such " Pre-Used / Reconditioned " to
less developed countries
# CHARGING STATIONS
* Existing petrol / diesel filling stations
will need to be converted to Electric Charging Stations
* These
Charging Stations , themselves , must NOT draw electric power from State /
National Power Grids - power which comes from Power Stations using FOSSIL
FUEL !
That would only transfer the pollution creation from
vehicle engines to fossil-fueled power stations !
My Suggestion :
Use bicycle powered electricity generating device ,
innovated by Manoj Bhargava ( BillionsinChange )
This pedal operated device generates / stores , with
just ONE HOUR of pedaling, enough power to light up 12 lamps of 100 W each for
24 hours , and costs around Rs 10,000/-
Some 25 of such devices are right now under
installation in north India
Its construction is so simple that any MSME in smallest
town can fabricate it easily , making it possible to get 10 million of these
devices manufactured within a year
I am sure , Manoj Bhargava would be more than happy to
release its manufacturing drawings on his web site for anyone to register and
then download for FREE !
Do we foresee 50 / 60 million unemployed youth to
become self-employed by setting up their own mini Charging Stations , on every
street corner of every town in India ?
No dependence on Fossil or Solar , yet pure GREEN power
around the clock !
Who knows , some owners of electric cars may even
install one in their garage to serve dual purpose ( improve health + charge the
car ). No doubt , a higher capacity version !
And , may be all GYMS around the country will install
one !
Some 32 years ago , India witnessed a Telecom
Revolution , riding on the wheels of a million roadside PCOs and a million Cyber
Cafes
Piyushji :
Enabling launch of a million street-corner Charging
Stations has got to be your
TRYST WITH DESTINY
# FINANCING
Shri Goyal said :
" We don't need one rupee support from the
government
We don't need
one rupee investment from the people of India "
But Vehicle Manufacturers say :
" We cannot
give away electric cars for FREE ! We need money to run our operations and in
advance . At the most , we can consider some sort of " Hire Purchase
" scheme , if we can get funds at an interest rate of 5 % and are allowed
to charge the buyers , 10 % "
And Banks say :
" We have already advanced car-loans totaling
thousands of crores . If we are allowed to transfer the unpaid balances along
with the fresh loan amounts , to a " Restructured Loan " bearing a
higher interest rate ( and EMI ) , then we can consider "
Government says :
" We don't have funds to build more roads . So,
where is the question of financing private purchase / usage of cars ? We would
rather build more / better ( concrete ) roads "
Individual says :
" I can
hardly make ends meet ! If I must borrow from anyone , I would rather buy a
roof over my head . I am already paying huge EMIs for my current car "
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 ?
# INCENTIVE FOR CAR MANUFACTURERS
AND CAR OWNERS
Shri Goyal says :
" We are trying to make this program self financing
by monetizing the savings people have from using cheaper electricity to run
cars
We are trying to work out whether we can give the cars
for free initially and people can pay back out of the savings from not using
petroleum products "
Figuring out which electric car owner saved how much
money by not using petrol / diesel vehicle is a very messy issue , to say the
least !
People use , from a 5 HP scooter to a 200 HP
gas-guzzler car
Some use it for 500 KM per month , whereas others use
for 10,000 KM per month
They may use it for self / family or for commercial
purpose ( Rickshaw / Taxi / Bus / Truck )
They may use diesel or petrol ( even mixed with
kerosene in case of rickshaws )
For 200 million existing vehicles , there could well be
, 200 million different / unique ,
* Current
amounts ( liters ) monthly fuel usage
* Purchased at
differing prices per litter ( depending upon city )
* Amounts paid
to Charging Stations ( bound to vary , even within a city )
* All of these
leading to different amount of monthly savings
* All the while
neglecting the monthly EMI costs incurred !
I am afraid any attempt to compute " Individual
Savings " is bound to raise controversies and litigation of unimaginable
scale !
And let us not forget that , when vehicle manufacturers
switch-over to production of electric vehicles , it won't be just ONE /
STANDARD model of same horsepower
There will be hundreds of models of electric vehicles of different designs / capacities /
specifications and consuming different amounts of electric power !
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
# GENERAL /
GLOBAL INCENTIVES
This game-changing initiative has at its root ,
" SAVE THE
WORLD FROM POLLUTION
"
This would require " Pulling out all stops "
, in the form of unprecedented " Incentives " to :
* Individual Electric
Vehicle Owners
* Electric
Vehicle Manufacturers ( and " Disincentives " to petrol/diesel
manufacturers )
* Manufacturers
of Charging Station Equipment ( Bicycle based Devices , for sure )
* Charging
Station Operators
* Old Vehicle Retrofitting
Units ( MSME )
* Old Vehicle
recycling Units ( MSME )
* Old Vehicle
Exporting Units
* Roadside Vehicle
Repairers
* Vehicle
Purchase Finance Companies ( Car loans / Hire Purchase )
* Electric
Vehicle Leasing Companies
* Auto
Ancillaries of Electric Vehicles
* Distributors
/ Dealers / Stockists of Electric Vehicles
* Transport
Companies using Electric Vehicles ( transporting people or goods )....etc
ALL of these ( and those that I missed out ), must be
EXEMPTED from :
* Indirect
Taxes ( Excise / Octroi / Import Duty / Sales Tax / GST / Road Taxes etc )
* Direct Taxes
( Personal and Corporate Income Tax / LTCG )
They must also be freed from rigid licensing /
registration / incorporation requirements
Dear Piyushji :
Newspaper reports quoted you :
" We are thinking of leading the World rather than
following the World
India will be
the first country to think of that scale "
There is no doubt you can lead the World , if you do
not allow yourself to get paralyzed with the fear of failure !
--------------------------------------------------------------------------------------------------
www.hemenparekh.in / blogs
28 March 2016
-----------------------------------------------------------------------------------------
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