Of 16,73,115 hybrid or electric vehicles in use in the country, Maharashtra tops the list with a total of 2,96,186 vehicles followed by Karnataka and Tamil Nadu with 2,03,592 and 1,69,006 respectively.
The Minister of State for Heavy Industries, Krishan Pal Gurjar in a written reply to a question in Lok Sabha on Tuesday informed that in order to promote the adoption of hybrid and electric vehicles in the country, the Government launched the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme since 2015, an official statement said.
Presently, Phase II of the FAME India Scheme is being implemented for a period of 5 years from April 2019 with a total budgetary support of Rs 10,000 crore.
Besides, multiple steps have been taken by the Government for the adoption of hybrid and electric vehicles in the country. The government on May 12, 2021, approved a Production Linked Incentive (PLI) scheme for the manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country.
Electric Vehicles are covered under the PLI scheme for Automobile and Auto Components, which was approved on September 15, 2021, with a budgetary outlay of Rs 25,938 crore for a period of five years, said the reply.
As per the information, GST on electric vehicles has been reduced from 12 percent to 5 percent; GST on chargers/charging stations for electric vehicles has been reduced from 18 percent to 5 percent.
The Ministry of Road Transport & Highways (MoRTH) announced that battery-operated vehicles will be given green license plates and be exempted from permit requirements.
This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the text’s dependability, trustworthiness, reliability, and data. Raavi Media management/ythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)