iCEM is collaborating with GMDC's mining partners to promote the adoption of Zero Emission Vehicles (ZEVs) with the aim of realizing the following advantages.
Aligned with GMDC’s dedication to transitioning towards sustainable mining practices, iCEM is collaborating with GMDC’s mining partners to promote the adoption of Zero Emission Vehicles (ZEVs) with the aim of realizing the following advantages:
Zero Emission Vehicles (ZEVs), particularly electric vehicles (EVs), play a crucial role in reducing greenhouse gas emissions and air pollution, aligning seamlessly with global and national environmental sustainability objectives.
The substitution of conventional diesel-powered vehicles with ZEVs allows mining operations to significantly diminish their carbon footprint, addressing environmental concerns and complying with rigorous emission standards.
Especially in the case of electric trucks and loaders, ZEVs offer substantial long-term cost savings through reduced fuel and maintenance expenses. These vehicles typically have fewer moving parts and require less maintenance compared to their diesel counterparts.
ZEVs often demonstrate superior energy efficiency, resulting in optimized energy utilization and decreased energy costs for mining operations.
Given the increasingly stringent environmental regulations, the adoption of ZEVs serves as a proactive measure for mining companies to meet emission standards, thereby mitigating the risk of regulatory fines and penalties.
ZEVs contribute to a safer working environment by minimizing miners’ exposure to harmful emissions, positively impacting the health and well-being of the workforce.
The integration of ZEVs enhances the corporate image of mining companies, showcasing a strong commitment to sustainability and responsible environmental practices. This, in turn, can attract environmentally conscious investors and customers.
Additionally, the Government of India has recently launched a Scheme for Viability Gap Funding (VGF) to promote the usage of Zero Emission Vehicles in the country.
The Viability Gap Funding (VGF) scheme in India provides financial support for infrastructure projects, including those related to the adoption of clean and green technologies in industries such as mining.
VGF helps mitigate financial risks associated with innovative and capital-intensive projects. This can encourage mining companies to invest in Zero Emission Vehicles (ZEVs) by reducing the economic uncertainties linked to their implementation.
By offering financial support, the government encourages private sector participation in sustainable mining practices. This aligns with India’s broader goal of attracting investments for cleaner and greener technologies.
VGF acts as a catalyst for the accelerated adoption of ZEVs in the mining sector by making projects economically viable. This, in turn, supports the transition toward a more sustainable and eco-friendly mining industry.
The VGF scheme aligns with the Indian government’s objectives of promoting clean energy and sustainable development outlined in initiatives like the National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme.
The significance of Zero Emission Vehicles (ZEVs) for the mining industry lies in their environmental benefits, cost savings and positive impact on health and safety. Government schemes like Viability Gap Funding play a vital role in supporting and incentivizing the adoption of such technologies by addressing financial barriers and promoting sustainable practices in the mining sector.
