Recent changes in FAME II scheme to boost demand for e-vehicles: FICCI

Industry chamber FICCI on Monday said the recent changes in the FAME II scheme, including enhanced subsidies for electric two-wheelers, are expected to accelerate demand for electric vehicles in the two-wheelers, three-wheelers and bus segments.

Yet, the chamber asked the government to also raise the demand incentive on electric three-wheelers like it has done for e-two-wheelers.

Earlier this month, the Department of Heavy Industry (DHI) had increased the demand incentive for electric two-wheelers to Rs 15,000 per KWh as compared to Rs 10,000 per KWH earlier, while capping incentives at 40 per cent of the cost of vehicles as against 20 per cent earlier.