India’s EV journey remains clouded by policy uncertainties3 min read 31 Dec 2018, 11:39 AM IST
PM Modi's decision to not announce the FAME II scheme came as a huge setback for the industry
New Delhi: Automobile manufacturers in India began 2018 with the expectation of a coherent policy on electric mobility, but as the year draws to a close a policy framework continues to elude the industry. The announcement of guidelines for setting up charging infrastructure by the power ministry and state level policies for developing electric vehicles (EVs) did provide some ray of hope, but the possibility of imposing a ‘feebate’–cross subsidization of EVs by increasing taxes on traditional fossil-fuel vehicles–will keep the industry on tenterhooks in 2019.
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