The Indian government is looking to reduce consumption of fossil fuels by encouraging the sale of electric vehicles in the country through the rest of the decade.

The government plans to present the report at the National Electric Mobility 2020 meeting and has plans to invest around INR200bn (US$3.59bn) to INR230bn for the initiative. Funds will be allocated for developing additional power generation and attendant infrastructure to charge batteries.

The Indian government believes that the sale of 6-7m electric vehicles annually, including two wheelers, is possible by 2020.

Mahindra and Mahindra, Maruti and Tata have already announced their plan to launch electric vehicles in India in the near future.