EVs should comprise 20-25% of government’s new purchases: Tata Motors’ Naik

NEW DELHI: To push adoption of electric mobility in the new decade, the Centre should ensure that 20-25% of new vehicle purchases of state transport units (STUs) comprise electric vehicles, according to a senior industry executive.

The government should also ask financial institutions to extend affordable loans to customers to boost purchases of zero-emmission vehicles.

According to Sushant Naik, global head, government and public affairs, Tata Motors Ltd, getting financing options for electric vehicles remains a challenge and the government should incentivise sales of such vehicles through lesser or affordable interest rates.