Mexican Media Brands
India Okays $1.4 Billion Plan to Boost Electrification
India’s central government has approved a scheme to spend 99 billion rupees ($1.4 billion) over three years on incentives to jump-start demand for hybrid and all-electric vehicles.
#hybrid
Share
India’s central government has approved a scheme to spend 99 billion rupees ($1.4 billion) over three years on incentives to jump-start demand for hybrid and all-electric vehicles, Reuters reports.
The plan is dubbed Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME). Subsidies would range in value according to battery capacity.
FAME incentives will be available only for vehicles that cost less than 1.5 million rupees ($21,200), according to Reuters. It says the initiative will cover scooters, two-wheelers, three-wheelers and buses as well as cars.
Last year India declared it would require that all new vehicles sold in the country be electrically powered by 2030. Prime Minister Narendra Modi later narrowed that target to 30%, after carmakers described the goal as too ambitious.
Skeptics say meeting even the latter objective is unlikely, citing India’s lack of a charging infrastructure and supply base for components to support local production of hybrids and EVs.
Price is a big hurdle too. The average EV in India today costs about 1 million rupees ($14,100), Reuters says. That’s four times the price of an entry-level piston-powered car.
RELATED CONTENT
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.