Home Electric Vehicles Electric Vehicles This Week: Govt Outlines INR 50K Sop On EVs And More
Electric Vehicles This Week: Govt Outlines INR 50K Sop On EVs And More

Electric Vehicles This Week: Govt Outlines INR 50K Sop On EVs And More

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  • Diesel Locomotive Works has built the world’s first converted e-locomotive

  • Second phase of FAME scheme under consideration

  • Ford Motor is reportedly planning to close its oldest factory in Brazil

As the first chapter of FAME policy is set to expire in March and the government is yet to launch a dedicated electric vehicle policy, the Indian electric vehicle sector may see some uncertain times ahead.

However, in order to make electric vehicles more appealing, the central government has proposed incentives worth INR 88,500 Cr ($12.4 Bn) to help the develop infrastructure for electric vehicles and also help power plants install equipment to curb the emission of harmful gases.

At the ETAuto EV Conclave 2019 which was held on February 20 in Delhi, industry experts have said that India needs to develop its charging infrastructure to integrate and boost the domestic emobility ecosystem.

Source: inc42

Anand Gupta Editor - EQ Int'l Media Network

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