electric 100

It may sound like a lofty dream, but one India says it is looking to pursue. The country is looking at becoming a 100% electric vehicle nation by 2030, and is looking at a scheme that will provide electric cars on a 0% down-payment for which adopters can pay for out of their savings on fossil-based fuels, The Economic Times reports.

“India can become the first country of its size which will run 100% electric vehicles. We are trying to make this programme self-financing. We don’t need one rupee support from the government. We don’t need one rupee investment from the people,” power minister Piyush Goyal said.

He said that a small working group under the leadership of the country’s road minister, Nitin Gadkari, had been created, and oil minister Dharmendra Pradhan and environment minister Prakash Javadekar was also on the board. The group is meeting in the first week of April to see if India can realise the 2030 goal.

“We are working to see if we can actually give an electric car for free (0% down-payment), and people can pay for that out of the savings on the petroleum products. We are trying to see if we can monetise the savings, then you will have use cheaper electricity for charging of your cars,” Goyal said.

He added that India was looking at leading the world rather than following it. “India will be first largest country in the world to think on that scale. Innovation is possible, it just needs an open mind. You need to think of scale and be honest.”