FAME-II subsidy cut likely to disrupt EV sector growth: SMEV to NGT
The Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday petitioned the National Green Tribunal (NGT) over the Ministry of Heavy Industries’ (MHI’s) decision to slash the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) subsidy of electric two-wheeler to Rs 10,000 per Kwh from the Rs 15,000 per Kwh.
The industry body in its petition said that the decision is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country.
