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‘Green loans’ in UAE to help promote electric vehicles

'Green loans' in UAE to help promote electric vehiclesDubai, May 10 (IANS/WAM) A new incentive has been launched by the UAE Ministry of Energy to encourage motorists to opt for new zero-carbon-emission electric vehicles through easy bank loans.

The announcement was made on Wednesday by the ministry as part of its contribution to the Government Accelerators, an initiative for a solutions-based collaboration among government, private sector and academic teams.

It is aimed to drive change, raise government efficiency and speed services to build happiness for people.

 

Commenting on the launch, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said the electric vehicles are an efficient solution of high relevance to the country's efforts to diversify sources of energy.

The electric vehicles will help reduce carbon footprint with the ultimate goal of enhancing economic competitiveness and ensuring sustainable development, the report said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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'Green loans' in UAE to help promote electric vehicles

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.