The Indian government is working in order to provide cash sops for early purchasers of electric vehicles in the country. For owners who discard the existing four-wheelers and go for a new electric car will get a discount of up to Rs 2.5 lakhs while purchasing a new vehicle. In order to get benefit from the schemes, first, you have to discard your car at an authorized dealer and get a relevant certificate.
The scheme is underway of the draft processes in form of the Rs 9,400cr expenditure attributed to enhance electric cars use in India. Whereas these offers will be available to bus services for cars and cab aggregators, for private purchasers, the discount will be eligible only in case of discarding only BS-III and earlier cars. This scheme includes approximately five lakh vehicles under the FAME initiative which comprises mostly two and three wheelers.
The Indian government is as well thinking to enhance the electric charging infrastructure along with a charging station every 9 sq.km in metro areas and one charging station formulated at every 25kms in case of the national highways as an initial move. Rs. 500cr has been estimated as a part of venture capital in order to enhance start-ups in electric space.
The draft scheme will serve as a dampener to the gaps created in the automotive industry that was campaigning for a measured successive transition from IC engines to hybrid and electrics.