SUBSIDY FOR EVs
SUBSIDY FOR EVs
Direct subsidy for e-vehicles is not provided to State Governments. However, consumers of EVs are incentivised through various schemes. MHI has formulated the following schemes to promote electric vehicles (EVs) on pan India basis including the State of Punjab: –
Measures taken by other Ministries include the following initiatives:
The Ministry of Road Transport and Highways has formulated the Vehicle Scrapping Policy that includes a system of incentives/disincentives for creation of an ecosystem to phase out older, unfit polluting vehicles across the country.
No such proposal is under consideration in the Ministry of Heavy Industries. However, the Government of India has launched various schemes to support Demand side and Supply side of the electric vehicles.
This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.
- Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II: The Government implemented this scheme for a period of five years from 1st April, 2019 with a total budgetary support of ₹11,500 crore. The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations.