EV policy goes beyond purchase incentives, lays structural roadmap for clean mobility: Centre
New Delhi, July 28 -- The Centre on Tuesday said its electric vehicle (EV) policy extends well beyond purchase incentives by combining demand-side support with structural reforms aimed at strengthening domestic manufacturing, technology adoption and institutional capacity to accelerate the country's transition to clean mobility.
In a written reply to a question in the Lok Sabha, Minister of State for Heavy Industries Bhupathiraju Srinivasa Varma said, "While demand-side schemes like FAME-II and PM E-DRIVE focus on reducing upfront costs, the institutional framework is strengthened through supply-side Production Linked Incentive (PLI) schemes for the Automobile and Advanced Chemistry Cell (ACC) sectors, which mandate high technology adopt...
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