NITI Aayog recommends more subsidy for electric vehicle purchase
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“Government should give EV purchase subsidy over and above FAME II subsidy along with interest subvention on loan amount taken for EV purchase,” the Aayog has said in its status quo analysis of electric mobility in India.
The NITI Aayog has recommended the government provide subsidy for electric vehicle purchase over and above the existing subsidy scheme for electric vehicle adoption under the Faster Adoption and Manufacturing the Electric Vehicles scheme besides including EVs under priority lending sector.
“Government should give EV purchase subsidy over and above FAME II subsidy along with interest subvention on loan amount taken for EV purchase,” the Aayog has said in its status quo analysis of electric mobility in India.
EV sales decline 20% in FY2021 to 2,36,802 units
April 22, 2021
Sales remained stagnant due to various reasons, says trade body The electric vehicle (EV) industry has sold 2,36,802 units in the fiscal year 2020-21, 20 per cent down against 2,95,683 units sold in the previous year. These include electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W), Society of Manufacturers of Electric Vehicle (SMEV) has said.
“We were anticipating a good growth before the start of FY21, but sales remained stagnant due to various reasons. The sales in electric three-wheeler and two-wheeler segment stood low as compared to last year,” Sohinder Gill, Director-General, SMEV, said.
Government extends validity of FAME II certificate Updated Apr 13, 2021 | 17:28 IST | Team Times Drive
The Department of Heavy Industry on Monday extended by one year the eligibility certificates issued by testing agencies and approvals for electric vehicles that were valid till March 31, 2021. Government extends validity of FAME II certificate
Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday welcomed the government s move to extend the validity of the FAME II certification for one year. The Department of Heavy Industry on Monday extended by one year the eligibility certificates issued by testing agencies and approvals for electric vehicles given by the National Automotive Board (NAB) and DHI that were valid till March 31, 2021. Originally, manufacturers were required to submit re-validation certificates for availing of demand incentives under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric V
Government Releases ₹ 212 Crore For Procurement Of E-Buses Under FAME Scheme
The centre had reportedly received 86 proposals from 26 states/UTs for the deployment of around 15,000 e-buses. By Charanpreet Singh (With Inputs From PTI) | Updated:
10-Feb-21 03:03 PM IST
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Highlights
FAME India scheme was introduced in 2015 to promote eco-friendly vehicles
Around 600 electric buses will be utilised for intercity operation
The Indian government has released an amount of ₹ 212.31 crore for the procurement of electric buses as of January 31, 2021. According to a report from PTI, this amount was approved by the centre under the second phase of FAME-II scheme, which was informed to the Parliament. The FAME (Faster Adoption and Manufacturing of Hybrid an
FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy
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Last Updated: Jan 31, 2021, 10:50 AM IST
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The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022.
Reuters
NEW DELHI: FAME-II scheme, the programme meant to promote electric vehicles in India, has helped in attracting investments in the sector in the country and needs to be extended by another three to four years, according to a top official of Hero MotoCorp-backed Ather Energy. Presenting an opposite view to that of the Society of Manufacturers of Electric Vehicles (SMEV) which asked Finance Minister Nirmala Sitharaman to either rejig FAME-II scheme or reintroduce FAME-I, Ather Energy Co-founder & CEO Tarun Mehta told that what the SMEV has said does not look like a