financetom
Business
financetom
/
Business
/
Government plans 50-100% subsidy for electric vehicle charging infrastructure
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Government plans 50-100% subsidy for electric vehicle charging infrastructure
Jun 13, 2019 1:51 PM

The Narendra Modi government is mulling a 50 to 100 percent subsidy to electric vehicle charging infrastructure, sources privy to the developments told CNBC-TV18.

The matter has been already discussed by union heavy industries and the power ministry, and is seeking a cabinet nod, sources in the know told CNBC-TV18.

In February, the government announced an outlay of Rs 10,000 crore for Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme, to boost electric mobility and increase the number of electric vehicles in commercial fleets.

Incentives of Rs 1.5 lakh each to 35,000 electric four-wheelers with an ex-factory price of up to Rs 15 lakh and support of Rs 13,000 each to 20,000 strong hybrid four-wheelers with an ex-factory price of up to Rs 15 lakh will be provided.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved