Tamil Nadu plans to offer a raft of incentives and special sops for 3-5 years to attract electric vehicle manufacturers and allied industries to complement the central government push to 100% EV mobility in the future.
Many electric vehicle manufacturers and start-ups welcomed government’s move of reducing GST on electric vehicles from 12 per cent to 5 per cent but this is not enough to accelerate the pace of electric vehicle ecosystem in India says, industry leaders.
Electric two-wheeler segment is expected to face a rough road in the initial phase of the FAME II Scheme with the exclusion of lead battery-powered such vehicles, as per a Crisil impact note.
Government’s Energy Efficiency Services Limited (EESL) has issued a tender for 200 fast chargers along with three years’ on-site warranty and annual maintenance contract. The tender, extendable up to 10 years, will follow international competitive bidding process.
The Union Cabinet is likely to clear on Thursday a Rs 10,000-crore programme under the FAME-II scheme for promotion of electric and hybrid vehicles, according to official sources.
About half the government-run vehicles in the city will be converted to electric by 2019 end, said state minister for large and medium scale industries KJ George here on Tuesday.
The second phase of the FAME 2 scheme that is expected to drive the government’s mission to have 25% per cent of all vehicles sold in 2030 to be electric. The second phase of the Faster Adoption and Manufacture of Electric Vehicles
Electric vehicles are the future and with the help of innovative approaches, India’s transport sector can become all electric-driven by the year 2030, an EV expert and professor of IIT Madras has said.
London-based Laureti Automotive Corporation has evinced interest to set up its unit here to make electric SUV vehicles.
Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs.