The NEMMP 2020 is a national mission document providing the vision and the road map for faster adoption of electric vehicles and their manufacturing in the country.
The Rs 10,000-crore programme under the second phase of the FAME India scheme will be implemented over a period of three years with effect from April 1, 2019.
Two, three and four wheeler vehicle segments stand to lose in this phase as most of them will be given an incentive lesser than those available in the previous phase
The Mumbai-based company, which is at the forefront of electric vehicle (EV) segment in the country, said the scheme puts electric vehicles in the fast lane.
After these eight states submit their policies, number of states with proper EV policy in place will reach 14
Sources, however, said that the announcement may take some time as the second phase of government’s subsidy scheme, FAME India, for e-mobility has been deferred by six months
According to sources, officials at DHI have started modifying the proposed phase-II of the scheme after Prime Minister, Narendra Modi, raised questions on the subsidy framework
In the absence of any measure to bring down the cost of batteries in FAME-II scheme, Modi refrained from talking about it at the recent MOVE summit
According to an earlier proposal, NITI Aayog had proposed to have fully electric public transport in 10 cities which required Rs 45,000 crore per city
The Centre has, for long, been deliberating over the possibility of electric mobility in the country, especially with lack of requisite resources available at hand
Road to electric mobility has been bumpy since union minister for road transport and highways, Nitin Gadkari, aborted the plan to have a separate policy for EVs earlier this year
The society also sought a long term policy for the sector that clearly states the incentives based on demand of the industry, supply and research and development.
To promote eco-friendly vehicles, the government had formally launched the FAME India scheme last year offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.