RegulatoryMoneycontrol
Finance Ministry makes EVs default choice for govt staff cars, sets Rs 20 lakh procurement ceiling
Positive+432 sources
GreyOak summary
The Finance Ministry directed ministries to make electric vehicles the default choice for staff cars, raising the Net Dealer Price ceiling to Rs 20 lakh from Rs 10 lakh for ICE vehicles. This policy aims to promote clean mobility and reduce carbon emissions, requiring justified proposals for any ICE vehicle procurement exceptions.
What it affects
- Sector policyPositive +43
Govt mandates EVs as default staff carsRolling sentiment Positive +60
