Vedanta, Larsen & Toubro, and MakeMyTrip introduced fresh policies providing incentives to purchase EVs. Also, they are setting up charging stations on campus and in offices. L&T is also considering EV fleets for material transportation.
This will help corporations achieve their sustainability goals, aligning themselves with India’s overall target of attaining net-zero emissions by 2070.
“The key reason for incentives is bridging the price gap between vehicles powered by internal combustion engines (ICE) and EVs. EVs typically cost 30% more”, said Neelesh Gupta, Director, Deloitte.
Vedanta introduced incentives for its employees, ranging from 30% to 50% for various grades, for the purchase of two- and four-wheeled EVs. This supports their target to achieve net-zero carbon emissions by 2050. Simultaneously, L&T has a target of becoming carbon-neutral by 2040.
MakeMyTrip launched a policy that reimburses the vehicle’s first-year insurance cost of up to Rs 1 lakh. Thus, motivating employees to purchase electric four-wheelers.
“On the employee front, we have also attempted to encourage behavior that helps offset and reduce the carbon footprint. MMT plants five trees in the name of every new recruit,” said Yuvaraj Srivastava, group chief human resources officer, MakeMyTrip.
Source Link: economictimes.indiatimes.com
@EV MakeMyTrip Vedanta Group Larsen & Toubro
