FinMin asks ministries to make EVs ‘default and preferred choice’ for staff car purchases

New Delhi The Finance Ministry has asked ministries and departments to make electric vehicles (EVs) their "default and preferred choice" for staff cars, and set a price cap of ₹20 lakh for procurement of such vehicles.

Also read | Finance Minister disburses ₹64.89 crore to 475 self-help groups https://www.thehindu.com/news/cities/Madurai/finance-minister-disburses-6489-crore-to-475-self-help-groups/article71665445.ece The Finance Ministry said that, to promote electric mobility, reduce dependence on fossil fuels, and account for prevailing market prices and vehicle lifecycle costs, it is revising the Net Dealer Price (NDP) ceiling for procuring EVs and Internal Combustion Engine (ICE) vehicles.

Accordingly, the NDP ceiling for EVs has been set at ₹20 lakh, double the ₹10 lakh limit set for ICE vehicles (petrol/diesel/hybrid).