CarWale
    AD

    Govt might offer sops for EVs

    Authors Image

    Omkar Thakur

    30,123 Views
    Govt might offer sops for EVs

    - Up to Rs 30,000 off on electric bikes up to Rs 1.5 lakhs

    - Cab-aggregators, bus services are the primary targets

    The government of India is mulling over the idea of offering cash sops for early adopters of electric vehicles in India. Those who scrap their existing car and opt for a new electric car will be entitles for discounts up to Rs 2.5 lakhs on the price of the new car. But for that, you will have to scrap your old car at a certified scrap yard and get the appropriate certificates.

    This scheme is still in the draft stages as a part of the Rs 9,400cr expenditure earmarked to boost electric car sales in India. While these sops will be offered to cab aggregators and bus services for any cars, for private buyers, the sops will be valid for scrapping only BS-III and earlier cars. This scheme under the FAME initiative aims to encompass almost five lakh vehicles, with most of them being two and three wheelers.

    The government is also working towards improving the electric charging infrastructure with at least one charging point every 9 sq.km. in metro areas and a charging station every 25kms on the national highways as the first step. An amount of Rs 500 cr has also been earmarked for venture capital to encourage start-ups in this space. 

    The above draft scheme comes as a dampener to the hopes of the automotive industry that was lobbying for a measured gradual transition from IC engines to hybrids to electrics.

     

    Related News

    Popular News

    Recent News

    Mahindra e2o PLUS Gallery

    • images
    • videos
    Mahindra TUV300 Features Explained
    youtube-icon
    Mahindra TUV300 Features Explained
    By CarWale Team25 Jun 2019
    6863 Views
    33 Likes
    Mahindra Alturas G4 Features Explained
    youtube-icon
    Mahindra Alturas G4 Features Explained
    By CarWale Team16 Aug 2019
    8274 Views
    58 Likes

    Featured Cars

    • HATCHBACKS
    • JUST LAUNCHED
    • Upcoming
    Maruti Suzuki Baleno
    Maruti Baleno
    Rs. 6.66 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Swift
    Maruti Swift
    Rs. 5.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Hyundai i20
    Hyundai i20
    Rs. 7.04 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Wagon R
    Maruti Wagon R
    Rs. 5.54 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Maruti Suzuki Alto K10
    Maruti Alto K10
    Rs. 3.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Tata Altroz
    Tata Altroz
    Rs. 6.65 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Hyundai Grand i10 Nios
    Hyundai Grand i10 Nios
    Rs. 5.92 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Renault Kwid
    Renault Kwid
    Rs. 4.70 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Lexus LM
    Lexus LM
    Rs. 2.00 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    15th MAR
    Hyundai Creta N Line
    Hyundai Creta N Line
    Rs. 16.82 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    11th MAR
    BYD Seal
    BYD Seal
    Rs. 41.00 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz AMG GLE Coupe
    Mercedes-Benz AMG GLE Coupe
    Rs. 1.85 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mercedes-Benz GLA
    Mercedes-Benz GLA
    Rs. 50.50 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Porsche Macan Turbo EV
    Porsche Macan Turbo EV
    Rs. 1.65 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Rolls-Royce Spectre
    Rolls-Royce Spectre
    Rs. 7.50 Croreonwards
    Avg. Ex-Showroom price
    Show price in my city
    Tata Punch EV
    Tata Punch EV
    Rs. 10.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra XUV300 facelift
    Mahindra XUV300 facelift

    Rs. 9.00 - 15.00 LakhEstimated Price

    Mar 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Toyota Urban Cruiser Taisor
    Toyota Urban Cruiser Taisor

    Rs. 12.00 - 16.00 LakhEstimated Price

    3rd Apr 2024Unveil Date

    Get Launch Alert on WhatsApp

    Maruti Suzuki New-gen Swift
    Maruti New-gen Swift

    Rs. 6.50 - 10.00 LakhEstimated Price

    Apr 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    MG Gloster facelift
    MG Gloster facelift

    Rs. 40.00 - 45.00 LakhEstimated Price

    Apr 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Force Motors Five-door Gurkha
    Force Motors Five-door Gurkha

    Rs. 15.50 - 16.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Nissan Qashqai
    Nissan Qashqai

    Rs. 25.00 - 30.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Volkswagen ID.4
    Volkswagen ID.4

    Rs. 50.00 - 60.00 LakhEstimated Price

    May 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    Skoda Superb
    Skoda Superb

    Rs. 28.00 - 35.00 LakhEstimated Price

    Jun 2024 (Tentative)Expected Launch

    Get Launch Alert on WhatsApp

    AD
    • mahindra-cars
    • other brands
    Mahindra Scorpio N
    Mahindra Scorpio N
    Rs. 12.74 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra Scorpio
    Mahindra Scorpio
    Rs. 12.64 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city
    Mahindra Thar
    Mahindra Thar
    Rs. 9.99 Lakhonwards
    Avg. Ex-Showroom price
    Show price in my city

    Popular Videos

    Mahindra TUV300 Features Explained
    youtube-icon
    Mahindra TUV300 Features Explained
    By CarWale Team25 Jun 2019
    6863 Views
    33 Likes
    Mahindra Alturas G4 Features Explained
    youtube-icon
    Mahindra Alturas G4 Features Explained
    By CarWale Team16 Aug 2019
    8274 Views
    58 Likes
    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from the automobile universe