E-vehicle Subsidy

Delhi government's upcoming EV policy is expected to double two-wheeler subsidies, expand charging infrastructure, and offer tax perks for scrapping ICE vehicles

Union Minister H D Kumaraswamy on Friday launched the first scheme to provide customer facing incentives on purchase of electric trucks of up to Rs 9.6 lakh per vehicle as part of the government's PM E-DRIVE initiative, which has earmarked Rs 500 crore for electric trucks out of its Rs 10,900 crore outlay. Industries including ports, logistics, cement and steel will be the key beneficiaries of the scheme, which envisages support of up to 5,600 electric trucks. "Diesel trucks, though constituting only 3 per cent of the total vehicle population, contribute to 42 per cent of transport-related greenhouse gas emissions and significantly worsen air pollution. This pioneering scheme, guided by the visionary leadership of Prime Minister Narendra Modi, represents India's first dedicated support for electric trucks. It will drive our nation toward sustainable freight mobility, a cleaner future, and the realization of Viksit Bharat by 2047, in alignment with our net-zero emissions goal by 2070,

Looking for alternative sourcing for Rare earth magnets and focussing on right level of inventory, Chandra says

The government may look for providing incentives or supporting initiatives to retrofit old vehicles into electric vehicles instead of scrapping them, a report said on Thursday. According to the joint report by management consultancy firm Primus Partners and ETB (European Business and Technology Centre), transitioning the internal combustion engine-powered vehicles to electric vehicles through retrofitting presents a spectrum of challenges. However, with a coordinated approach involving government initiatives, industry collaboration, and public engagement, these challenges can be effectively addressed and overcome, it said. India's Vehicle Scrappage Policy is aimed at phasing out old and unfit vehicles and replacing them with newer and more environment-friendly ones. This policy is governed by various factors including the fitness and emission levels of vehicles rather than solely their age. Commercial vehicles over 15 years and passenger vehicles over 20 years of age are subject t

Earlier, the finance ministry expressed its concerns about the continuation of the scheme, now, other government departments have also agreed to North Block's views

Should the EV subsidies continue? Will this Diwali be as bright for rural India? How will Assembly elections in five states affect markets? What is AQI? All answers here

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Subsidies of Rs 200-300 crore remain unpaid, said executives of various start-ups

No coal for plants, no e-vehicle subsidy for Delhi: Satyendra Jain