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Fame Scheme: Sudden withdrawal or discontinuation of upfront price incentives will lead to up to 25 per cent price increase of EVs and this may derail EV adoption momentum substantially, also impacting further investments in the EV sector, and disrupting gains made so far, noted FICCI.
FAME III: An impassioned plea for continued support came from vehicle OEMs, component makers and others involved in the EV ecosystem. Most industry players believe withdrawal of incentives would kill demand generation since price parity between electric and ICE vehicles is anyway a dream.
Electric Two Wheelers DEMAND: Additionally, the report said that a subsidy reduction to INR 10,000 per kWh from INR15,000 per kWh and 15% of the ex-factory price from 40% earlier, adds to the uncertainty in two wheeler sales.
The basic ecosystem is coming into place, and we would have to accelerate to see the kind of numbers we would like to see, he says , , central government, FAME Subsidy, electric vehicles, tarun kapoor, PMO Advisor, national conference, Electric Mobility, assocham
Electric Two Wheeler Subsidy: Electric two-wheeler makers in India have requested the government to ask customers to pay back excess incentive claimed on purchases of EVs, following allegations of misuse of subsidies. The Society of Manufacturers of Electric Vehicles has suggested that customers who received the incentives should return the rebate to the OEMs.
The subsidy offered on electric two-wheelers under the FAME-II policy could soon be slashed, making electric scooters and motorcycles slightly expensive.