Sudden cut in subsidy for electric two-wheelers could result in huge losses
Electric Vehicles in India: Electricity Vehicle Industry body SMEV spoke Sudden cut in subsidy for electric two-wheelers damage it’s possible, Body spoke This could lead to a major drop in EV adoption and impact the entire industry in the long run, However, on the other hand startup companies in the electric mobility sector have Government Of decision is welcoming spoke It’s time for the EV industry to stand on its own,
The government on Monday approved the implementation of the FAME-2 (Manufacturing and Faster Adoption of Electric Vehicles in India) scheme on electric two-wheelers. According The subsidies were reduced, This decision This register will be applicable to electric two-wheelers on or after June 1, 2023, Ministry of Heavy Industry has notified these changes, Demanded Rs 10,000 per kilowatt hour incentive for electric two-wheelers,
Big drop in EV adoption likely
Reacting to the changes, Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV), said, “The sudden reduction in subsidy could lead to a major drop in EV adoption, which would have long-term implications for the entire industry.,” They spoke The ground reality is that the Indian market worth sensitive to, Most Petrol Two Wheelers worth less than one lakh rupees and therefore electricity Vehicle For spending more than Rs 1.5 lakh opportunities is less than,
time to stand on your feet
Although Gill spoke that the Ministry of Heavy Industries had indicated a few months ago to reduce the subsidy, On the other hand, Siddharth Kabra, co-founder and CEO of Voltup, welcomed the reduction in FEM subsidy and spoke It’s time for industry to stand on its feet Time Is, that industry and Government Also called for working towards formulating a coherent infrastructure development policy.,
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