Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs). These, they say, would potentially dissuade them from seeking the incentives.
The Rs 500 crore Electric Mobility Promotion Scheme (EMPS) 2024 was announced by the Ministry of Heavy Industries on Wednesday for four months from April 1 to July 31.
