In order to boost demand for Electric Vehicles (EV), FICCI has sought a two year or higher tenure (extension up to 2025) of the FAME II scheme. In the short term, ‘Booster Incentives’ under Fame II for 12 months within the existing budget allocation of Rs.10,000 crores have also been sought. To ensure continuity of the EV growth roadmap impacted by Covid-19, extension of subsidy support for electric two- and three-wheelers with swappable batteries have also been sought. Other demands include waiver of EV permits and extension of financial support of Rs.10 crores attributed to inhouse R&D setup. FICCI sought priority intervention from policymakers to enhance the demand for EVs in the short term and also to encourage continued investments in the sector.
