Vedanta has rolled out an EV policy for its employees, under which incentives ranging from 30 to 50 per cent will be provided on purchase of electric vehicles. As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030.
The incentives would be given to various employee grades for purchase of four- and two-wheeler electric vehicles (EVs). The EV Policy will come into effect for vehicles bought from this month onwards. It will lead to increased adoption of EVs amongst employees and drive the mindset change aiding India's green mobility push for a sustainable future.
Vedanta is committed to reduce carbon emissions to zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to expedite the transition.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
