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EESL to invest in electric vehicles

Energy Efficiency Services Limited is planning on investing a capital of 10250 crores on electric vehicles in the state.

EESL is going to invest 2000 crore per year for 1 lakh electric vehicles which the state government is intended to lead in the country.

Chief Minister has ordered the officials on the regard and also asked them to lease and use the electric vehicles in a phased manner.

He said that our state should create a world record in the usage of e-vehicles and in order to achieve this all the government departments are ordered to go for e-vehicles for their usage.

When the project is completely implemented the state would benefit by reduction of cost for leasing vehicles by Rs 3, 600 crore, with a drop in fuel expenditure, and monetary savings of Rs 2,160 crore, in turn, curtailing the loss of GDP by Rs 500 crore due to reduction in CO2 emissions.

To achieve the goal the state government is about to conduct a meeting in the third week of March with with e-vehicle manufacturers, battery manufacturers, technology providers, and public sector departments.

State government is planning to roll out 1 lakh e-vehicles over the next two years. Driving cost for electric vehicle is Rs 0.89/km, far less than the Rs 4.40/km for vehicles that run on conventional fuels.

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