According to the government’s electric vehicle policy, there is a plan to bring 1 million high-speed two-wheelers on the road in India by March 2022, but so far only 60,000 two-wheelers have come on the road.
The country’s leading electric two-wheeler manufacturer Hero Electric has said that the country’s electric vehicle (EV) policy needs to be ‘restructured’ and ‘changed’ to make it more effective. The company says that the desired sales target can be achieved by changing the electric vehicle policy.
The FAME-II scheme was launched in April 2019 for the rapid adoption of electric vehicles in India and manufacturing of electric vehicles. Under this scheme, it is targeted to bring at least one million high-speed electric two-wheelers on the roads by March 2022. But even after two years of the launch of this policy, only 60,000 electric vehicles have come on the roads. In 2020, only 25,735 high-speed electric two-wheelers were sold in the country.
Naveen Munjal, managing director of Hero Electric, said, “Two years have passed and one year remains for this policy. But so far only 60,000 vehicles have benefited from it. By now this figure should have been more than six lakhs. In such a situation, there is something that is not working. In view of this, a change in policy is needed.
Under the second phase of FAME-II, 10 lakh registered electric vehicles with maximum factory price are eligible for an incentive of Rs 20,000 (each). Right now, only high-speed electric two-wheelers can take advantage of the fame-two scheme.
Munjal said, “It is in this way that if we see that the goal is being achieved, then we bring a new product or a new publication.” If it is not, then we make some changes in things. Similarly, this policy also needs to be changed, because in the present form it is not working as it was required to do. ”
He said that many things like speed, scope etc. have been included in the policy, which is affecting the growth of the region. ‘If you set a lot of criteria regarding speed, scope etc., then this is not the right way. If you want to convert a certain number of internal combustion engines to electric, then you should pay the subsidy in the beginning. ”
Let us tell you that in 2019, the government started the second phase of the FAME India scheme of Rs 10,000 crore to encourage the adoption of electric and hybrid vehicles. The first phase of this policy started in 2015.
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