The Ministry of Heavy Industries and Public Enterprises on 11th June 2021 has partially modified the Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India.
As per the modification demand incentive has been raised to Rs 15,000 per KWh from Rs 10,000 per KWh for electric two-wheeler and the cap on incentives for electric two-wheelers has been raised to 40% of the cost of the vehicle.
Further as per the ministry the aggregation will be the key method for bringing the upfront cost of 3W EV at an affordable level and at par with ICE 3W. Energy Efficiency Services Limited (EESL) will aggregate demand for three lakh electric 3W for multiple user segments.
