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
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.