"Additional funds for FAME II can be sought in a vote on account," said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year s budget will be a vote on account as general elections are due in April-May.
In a recent report by the Times of India (ToI), it has been indicated that the government is unlikely to continue subsidies for electric two-wheelers as the provisions for the same are set to expire i
FAME-II Scheme: With the restructuring, it is also considering seeking an additional INR 1,500 crore as support from the finance ministry. Fund allotment shall be increased for the two-wheelers and reduced for three wheelers. Similarly, allotment will be slightly higher for four wheelers, but will be less for buses than the present level.
The Society of Manufacturers of Electric Vehicles (SMEV) has requested the Indian government to establish a consistent policy of road tax exemption for electric vehicles (EVs) throughout the country. SMEV believes that a unified policy is crucial to accelerate the adoption of EVs in India. Currently, the patchwork of road tax policies across states is hindering the growth of the EV market. SMEV suggests that a centralised advisory from the government could help eliminate confusion and encourage widespread adoption of EVs.
The BJP and AAP got into yet another social media war as both posted updates and took credit for the flagging off of 400 electric buses in the national capital on Tuesday.