homevideos Newstechnology NewsGovernment plans 50 100% subsidy for electric vehicle charging infrastructure
Government plans 50-100% subsidy for electric vehicle charging infrastructure
The Narendra Modi government is mulling a 50 to 100 percent subsidy to electric vehicle charging infrastructure.
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.
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