The Indian government has indeed been focusing on the growth of electric vehicles (EVs) in the country. This can be seen through several key initiatives and policies that have been implemented.
1. Charging Infrastructure: The government has emphasized the need for a robust charging infrastructure network to support EV adoption. Various incentives and grants have been provided to encourage the establishment of public charging stations across the states. As per the amendment in Building By-Laws, every building that caters to commercial mode of charging EVs shall be treated as Public Charging Station (PCS) and it shall have 20% EV charging space.
2. Tax Incentives: To incentivize the purchase of EVs, the government has implemented various tax benefits. These include lower goods and services tax (GST) rates on electric vehicles compared to traditional combustion engine vehicles. Additionally, electric vehicle buyers are eligible for income tax benefits. This serves to reduce the cost of ownership and make EVs more accessible to the general public. Tax slab for EV chargers is also in lower slab as compare to other electrical goods.
3. Make in India: The government’s Make in India initiative aims to boost domestic manufacturing capabilities and reduce dependence on imported vehicles and components. This has led to several global automobile manufacturers announcing their plans to manufacture electric vehicles in India and invest in local manufacturing infrastructure. PLI scheme will play vital role to boost #makeinindia campaign.
4. Research and Development (R&D): The government has increased its focus on research and development in the electric vehicle sector through various schemes and programs. Grants and incentives are given to companies and educational institutions for R&D efforts, aiming to develop indigenous technologies and innovative solutions for EVs.
5. Electrification of Government Fleets: The Indian government has set a target to convert its entire fleet of vehicles to electric by 2030. Several government departments and public sector companies have started adopting electric vehicles for their intra-city transportation needs.
Through these initiatives and policies, the Indian government aims to address the challenges of pollution, reduce dependence on fossil fuels, and promote sustainable transportation solutions. The focus on EV growth is seen as a key driver of the country’s transition towards cleaner and greener mobility.
6. FAME India Scheme: The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME 1 and FAME 2) scheme was launched in 2015 and still continuing to promote the adoption of EVs. Under this scheme, incentives are provided for the purchase of EVs, including two-wheelers, three-wheelers, and four-wheelers. The FAME 2 scheme has also introduced new incentives for the development of charging infrastructure for EVs.
