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Recent changes in FAME II scheme likely to accelerate demand for electric vehicles: FICCI
Jun-22-2021

The Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the recent changes in the FAME II scheme, including enhanced subsidies for electric two-wheelers, are expected to accelerate demand for electric vehicles in the two-wheelers, three-wheelers and bus segments. Yet, the chamber asked the government to also raise the demand incentive on electric three-wheelers like it has done for e-two-wheelers.

Commenting on the steps by the government, FICCI EV Committee Chair Sulajja Firodia Motwani has said it is a great move from the government to revise upwards the demand incentive of electric two-wheelers from Rs 10,000 per KWh to Rs 15,000 per KWh, which FICCI also has been recommending in the past.

She also said that these measures will help reduce the cost of ownership difference between ICE engine vehicle and EV in the two-wheeler segment and encourage consumers to adopt electric two wheelers.

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