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Synopsis
The government will impose stringent penalties to reduce fuel consumption in new cars. Auto companies will have to pay INR25,000-INR50,000 per car as penalty if they slip up on meeting the CAFE norm. While this may bleed the companies, it will push green mobility and the third phase of the CAFE regulations will make EVs mainstream.
For the average Indian, mileage can make or break a car-buying decision. But for the government, a car’s mileage has a different meaning. A measure of carbon emission that is. And the policymakers are going to get stricter on this one. For, India is set to impose one of the most stringent, and most punitive, penalties globally to reduce fuel consumption in new cars. Under the fresh set of proposed Corporate Average Fuel Economy (CAFE) targets,
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