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Budget 2019 Focus on Electric Mobility, Vehicles

The thrust on digital payments will further accelerate the nation towards a transparent and cashless economy

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electric vehicles, budget 2019
The government's focus on electric mobility and electric vehicles (EV) in the Budget 2019 is inspiring. Pixabay

The government’s focus on electric mobility and electric vehicles (EV) in the Budget 2019 is inspiring. Lower GST rate, interest subvention for EV loans and the commitment of Rs 10,000 crore towards FAME 2 are encouraging.

This further reinforces Ola’s mission to build electric mobility for India and the world and contribute toward making our nation, the global hub for innovation in this space.

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The various start-up-friendly initiatives announced as part of the Budget are important for this fast growing ecosystem and will encourage India’s youth to create value, wealth and livelihood opportunities for millions. The thrust on digital payments will further accelerate the nation towards a transparent and cashless economy. (IANS)

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Hungary to Introduce Green Vehicles by 2022

"The plastic in the installation came from the Italian coast, collected by volunteers," Greenpeace explained in a statement

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green vehicles
"The program brings together economic development and green policies," the statement quoted Gyorgy Laszlo. Wikimedia Commons

Hungary’s public transport systems will offer greener services by switching to non-polluting vehicles, official sources said here on Tuesday.

“Regional councils are taking steps to introduce green buses to Hungary’s public transport system,” the Hungarian government announced in a statement on its website. “Over the course of ten years, the authorities anticipate that 7,500 vehicles will be changed to a greener alternative,” the statement said.

By 2022, passengers should be able to travel on green buses everywhere in the country. In the next two to three years, every sixth bus in the country is expected to be sustainable, the Xinhua news agency reported.

green vehicles
“The plastic in the installation came from the Italian coast, collected by volunteers,” Greenpeace explained in a statement. Wikimedia Commons

“The program brings together economic development and green policies,” the statement quoted Gyorgy Laszlo, minister of state responsible for economic strategy and regulation, as saying.

The switch to green vehicles will be co-financed by the Hungarian government, local city councils and privately-owned companies, including Ikarus, Kravtex, Inter Traction Electrics and Chinese electric bus and truck maker BYD. BYD opened its first European manufacturing plant in the industrial park at Komarom in northwestern Hungary after a $22.4 million investment in April 2017.

Also on Tuesday, Greenpeace staged a spectacular protest in the heart of Budapest by erecting two giant “whales from the patch of plastic garbage in the sea,” warning that plastic waste and microfibers were now everywhere, in seas, rivers, forests and even in drinking water.

green vehicles
BYD opened its first European manufacturing plant in the industrial park at Komarom in northwestern Hungary after a $22.4 million investment in April 2017. Pixabay

ALSO READ: UN: World Showing Lack of Ambition in Reducing Inequality, Countering Climate Change

“The plastic in the installation came from the Italian coast, collected by volunteers,” Greenpeace explained in a statement. The Hungarian government is aware of the dangers of plastic pollution, and announced in October 2018 a total ban on plastic bags from 2021 in order to help preserve the planet.

“From 2021, plastic bags will totally be banned in Hungary,” said Martina Makai, Deputy State Secretary for green economy, climate policy and key public services at the Ministry for Innovation and Technology. (IANS)