Cash incentives on electric cars to be scraped by the government

Electric vehicles

The  Policymakers find providing incentives on electric vehicles only for share mobility operators like Ola and Uber instead of providing subsidy on private electric vehicles. This is because of the fact that the ride providers have more vehicles on road than the private vehicles. So it doesn’t promote the acceptability of electric vehicle and neither provides a clean environment.

The discount offered currently sums up to 1.3 lakh rupees on electric cars as a part of FAME( Faster Adoption and Manufacturing of hybrid and electric vehicles). Other countries like Norway, China, and Mexico give incentives like free parking, free charging, reduced toll tax etc.

Adding the cab aggregators to the list of subsidy beneficiaries will help the maximum utility for the maximum number of people through public transport. But the current stance is contrary to the vision of the government. The government wishes to switch to electric by 2030. But, Last year only around 1,500 electric passenger vehicles were sold against petrol/diesel/CNG car sales of 32 lakh.

The transition to the electric vehicles is not that smooth. Car companies and their lobby platform Siam disagreed with the government’s deadline for the e-switch, and have been petitioning for a more easy transition. Official sources said government will continue to give incentives on the purchase of electric buses and two-wheelers. However, for buses, incentives will be brought down. The current incentives on electric buses cover 60% of the cost of the vehicle. This will come down to 40%.

Source: The Times of India

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

About Energy Log Staff

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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