Govt asserts subsidy for EVs only for commercial vehicles, not personal usage


Govt asserts subsidy for EVs only for commercial vehicles, not personal usage

The government Friday asserted that subsidies for promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included.

Speaking at an event here, Minister of State for Heavy Industries and Public Enterprises Arjun Ram Meghwal said the government expects India to adopt electric vehicles (EV) in “all natural course” – be it for bikes, cars, trucks, buses and e-rickshaws, while emphasising that the transition was necessary in order to reduce carbon emissions as per the Paris Agreement.

“The government has made clear its intention to promote electric mobility through commercial fleet owners and incentives will be only offered to them,” Meghwal said here at India UK Electric Mobility Forum 2019.

Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers for commercial and fleet applications. However, in two-wheelers it is also extended for personal usage. Read More

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