It will assist decrease carbon dioxide emissions and contribute in the direction of the nationwide purpose of a gas-based economic system by rising the share of pure gasoline within the major vitality combine to fifteen% by 2030, the Aayog stated in a report collectively ready with the Netherlands embassy.
In keeping with the Aayog, India’s quickly increasing trucking market, which is anticipated to greater than quadruple from 4 million vans in 2022 to roughly 17 million by 2050, provides immense scope for decreasing emissions and inspiring investments for progress.
Within the report titled ‘LNG as a Transportation Gas in Medium & Heavy Business Car Phase’, the federal government suppose tank recommended establishing a requirement aggregator firm for getting LNG vans, much like Power Effectivity Companies within the electrical car sector.
“This will generate preliminary demand for the LNG mission and supply sustainability to the retail LNG shops,” it stated.
The Aayog additionally referred to as for decreasing the worth added tax on the sale of LNG to heavy responsibility automobiles to five% (from 10% now) and bringing retail LNG value below the ambit of the 5% GST bracket.
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