Amid uncertainty over the extension of the FAME scheme, the auto industry has once again emphasized the need for ongoing government support to ensure a successful transition to electric vehicles (EVs). During a panel discussion on sustainable mobility, industry leaders stressed that India requires significant incentives and support from the government. While major automakers advocate for assistance, entrepreneurs in the EV sector call for a policy shift, focusing on localization and support for small and medium-sized enterprises.
Octopus Ev: Octopus Electric Vehicles operates a "salary sacrifice" scheme that allows drivers to save up to 40% on a new EV by paying through their gross salary - saving income tax and national insurance.