{"id":602959,"date":"2023-09-12T10:00:30","date_gmt":"2023-09-12T04:30:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602959"},"modified":"2023-09-12T10:38:20","modified_gmt":"2023-09-12T05:08:20","slug":"ev-makers-battle-subsidy-loss-innovate-to-rationalise-product-cost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-makers-battle-subsidy-loss-innovate-to-rationalise-product-cost\/","title":{"rendered":"EV makers battle subsidy loss; innovate to rationalise product cost"},"content":{"rendered":"<p>The reduced subsidy on electric vehicle (EV) batteries under the government\u2019s Faster Adoption and Manufacturing of Electric Vehicles (FAME-2) scheme has trapped the makers of EVs in a Catch 22 situation. On one side it makes business sense to shrink the size of batteries to cut their cost, on the other hand, they are operating in a nascent market, ill-equipped with charging infrastructure or swapping facilities. This has sent most original equipment manufacturers (OEMs) into a tizzy trying to address the issue. <\/p>\n<p>In June this year, the Ministry of Heavy Industries cut the subsidy it offered on EV batteries from Rs15,000 per kilowatt hour (KwH) capacity to Rs 10,000\/KwH and capped this at 15% of the ex-factory value of the vehicle &#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reduced subsidy on electric vehicle (EV) batteries under the government\u2019s Faster Adoption and Manufacturing of Electric Vehicles (FAME-2) scheme has trapped the makers of EVs in a Catch 22 situation. On one side it makes business sense to shrink the size of batteries to cut their cost, on the other hand, they are operating in a nascent market, ill-equipped with charging infrastructure or swapping facilities. This has sent most original equipment manufacturers (OEMs) into a tizzy trying to address the issue. In June this year, the Ministry of Heavy Industries cut the subsidy it offered on EV batteries from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-602959","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=602959"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602959\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}