Vedanta Announces Incentives for Employee EV Purchases

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by KnowESG,

Vedanta Ltd


Vedanta Ltd., a global company with a wide range of natural resources, has said it will give its employees an EV policy. Under this policy, employees who buy electric vehicles will get incentives ranging from 30% to 50%.

As part of its commitment to net-zero emissions, the firm has vowed to decarbonise 100% of its light motor vehicles by 2030.

It stated that incentives would be granted to different employee grades for the purchase of four- and two-wheeler electric vehicles (EVs).

The EV policy will be implemented for vehicles purchased beginning this month.

Sunil Duggal, the CEO of Vedanta Ltd.'s Group, says that it will lead to more employees buying EVs and a change in how people think, which will help India's green mobility push for a sustainable future.

Vedanta plans to spend USD 5 billion over the next 10 years to speed up the process of cutting carbon emissions to zero by 2050 or earlier.

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Source: PTI

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