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SMEV to Centre: Reassess incentive on electric two-wheelers under FAME 2

ANI  |  New Delhi [India] 

SMEV, the industry body representing (EV) manufacturers, has urged the government to reassess the proposed subsidy structure under the FAME 2 scheme, on electric two-wheelers.

In a letter submitted to the Heavy Industries and Anant Geete, the Society of Manufacturers of (SMEV) pointed out anomalies with regard to the government giving three times subsidy to certain models of e-scooters, that are costlier to own and run vis-a-vis petrol two-wheelers.

Sohinder Gill, Director of SMEV, said, "We had earlier pointed out an anomaly in the proposed subsidy on electric two-wheelers. We are now pointing out a bigger anomaly in the proposed subsidy structure."

He further said that the Centre is erroneously promoting electric two-wheelers that are not only much costlier to own and run than petrol two-wheelers, but also waste a lot of and the precise lithium.

Gill said that the government seems to be keen to give three times the subsidy to these "rich boy toys".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 17:20 IST