Electric Vehicle Subsidy
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India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
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Ather Energy to Accelerate New Launches in India and Foreign Markets
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...
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India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Electric Scooters To Get Expensive From June 1. Here's Why
The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.
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Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
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India's Electric Vehicle Maker Denies Wrongdoing In Subsidies Scheme
Avon Cycles has denied any wrongdoing after the government said the company was among those being investigated for misappropriation.
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EV Firms That Wrongly Took Subsidies To Be Penalised By Government
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.
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Centre Steps Up Audit Of EV Firms Taking Subsidies: Report
The government may ask some of the companies to return the subsidies received already, the report added.
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EV Manufacturer Concerns Over Subsidies to Be Discussed by US, EU Task Force Next Week
EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...
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Subsidies On Electric Vehicles Not Healthy Beyond A Point: Delhi Minister
Delhi Transport Minister Kailash Gahlot on Monday said it will not be "very healthy" to provide subsidies to buyers of electric vehicles (EVs) beyond a point.
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US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
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Germany To Reduce Electric Car Subsidies In 2023
Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.
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Chhattisgarh Government Approves Electric Vehicle Policy, Aims to Generate Employment
The Chhattisgarh government on Friday approved the Chhattisgarh Electric Vehicle (EV) Policy 2022, as part of the state government’s target to make the state an EV manufacturing hub and generate employment. Companies manufacturing EVs, components of EV and EV batteries, and charging infrastructure will also be incentivised with capital subsidy, a...
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China In Talks With Automakers On EV Subsidy Extension - Report
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022.
-
India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
-
Ather Energy to Accelerate New Launches in India and Foreign Markets
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...
-
India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
Electric Scooters To Get Expensive From June 1. Here's Why
The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.
-
Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
-
India's Electric Vehicle Maker Denies Wrongdoing In Subsidies Scheme
Avon Cycles has denied any wrongdoing after the government said the company was among those being investigated for misappropriation.
-
EV Firms That Wrongly Took Subsidies To Be Penalised By Government
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.
-
Centre Steps Up Audit Of EV Firms Taking Subsidies: Report
The government may ask some of the companies to return the subsidies received already, the report added.
-
EV Manufacturer Concerns Over Subsidies to Be Discussed by US, EU Task Force Next Week
EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...
-
Subsidies On Electric Vehicles Not Healthy Beyond A Point: Delhi Minister
Delhi Transport Minister Kailash Gahlot on Monday said it will not be "very healthy" to provide subsidies to buyers of electric vehicles (EVs) beyond a point.
-
US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
-
Germany To Reduce Electric Car Subsidies In 2023
Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.
-
Chhattisgarh Government Approves Electric Vehicle Policy, Aims to Generate Employment
The Chhattisgarh government on Friday approved the Chhattisgarh Electric Vehicle (EV) Policy 2022, as part of the state government’s target to make the state an EV manufacturing hub and generate employment. Companies manufacturing EVs, components of EV and EV batteries, and charging infrastructure will also be incentivised with capital subsidy, a...
-
China In Talks With Automakers On EV Subsidy Extension - Report
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022.
