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Latest Car News in India

Tuesday, May 04, 2021

By Manoj Kumawat

NITI Aayog Urges For More Subsidy On Purchase of Evs

The NITI Aayog has urged the government to pay more subsidy to the buyers of electric vehicles than the existing subsidy scheme determined for adoption of electric vehicles under Fast Adoption and Manufacturing the Electric Vehicles Scheme. In its status quo analysis of electric mobility in India the NITI Aayog said, “Government should give EV purchase subsidy over and above FAME II subsidy along with interest subvention on loan amount taken for EV purchase.”
 
 
Moving ahead the Aayog recommended the new for creating the non-financial incentives such as priority lanes, reserved parking space for electric vehicles in commercial places and shopping malls. The Aayog also said, “Incentives for vehicle scrapping financing are needed besides including EVs and associated business in the priority lending sector.” The Aayog also recommended for the development of greez zones within the cities for the electric vehicles and asked for imposing heavy taxes on the vehicles running on fuel.
 
In its National Electric Mobility Mission Plan 2020 the government has suggested the need to boost national energy security, minimize the impacts of environmental changes due to vehicles running on the roads. For the phase-II of Faster Adoption and Manufacturing Hybrid and Electric Vehicles scheme to develop the market for EVs, de-license the charging infrastructure business and determine specific guidelines for the development of charging stations for electric vehicles.

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