NEW DELHI: The Niti Aayog has actually proposed a host of financial and non-fiscal rewards, consisting of extension of the production-linked reward plan to automobiles operate on liquified gas and establishing a need aggregator, to motivate usage of LNG in medium and heavy business lorries.
This will assist lower co2 emissions and contribute towards the nationwide objective of a gas-based economy by increasing the share of gas in the main energy mix to 15% by 2030, the Aayog stated in a report collectively prepared with the Netherlands embassy.
According to the Aayog, India’s quickly broadening trucking market, which is anticipated to more than quadruple from 4 million trucks in 2022 to approximately 17 million by 2050, provides tremendous scope for decreasing emissions and motivating financial investments for development.
In the report entitled ‘LNG as a Transportation Fuel in Medium & & Heavy Commercial Vehicle Segment’, the federal government think tank recommended establishing a need aggregator business for purchasing LNG truckscomparable to Energy Efficiency Services in the electrical lorry sector.
“This can create preliminary need for the LNG task and offer sustainability to the retail LNG outlets,” it stated.
The Aayog likewise required decreasing the worth included tax on the sale of LNG to sturdy automobiles to 5% (from 10% now) and bringing retail LNG cost under the ambit of the 5% GST bracket.
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