SMEV Welcomes Government Move To Boost EV Industry

SMEV Welcomes Government Move To Boost EV Industry

SMEV Welcomes Government Move Boost EV Industry
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The Society of Manufacturers of Electric Vehicles (SMEV) has announced that it welcomes the move of the Government of India to push electric mobility in the country. SMEV also said that the electric mobility mission is crucial to India’s transformation. Sohinder Gill, Director- Corporate Affairs, SMEV, welcomed the move of the Union Cabinet on behalf of the electric vehicle (EV) industry, with regards to push electric mobility ahead.

SMEV advised on a few steps that should be taken immediately by the government to kick-start the mass adoption of EVs. This is especially since the EV industry is anxious that the FAME 1 incentive scheme comes to an end in September, 2017, without any information about FAME 2. FAME is short for Faster Adoption and Manufacturing of Electric Vehicles (FAME) initiative, which is the country’s current EV incentive scheme.

Another area of concern for the EV industry is in terms of the taxation rates applicable on batteries, noted SMEV. This is especially of importance to electric two-wheelers, where a higher GST of 28 % is applicable when a battery is sold separately, against 12 % when sold with the vehicles.

Gill said that the whole world is closely watching India, after having announced that by 2032 the country will produce only EVs. “It is important that some big and solid actions to accelerate the adoption of EVs are implemented at the earliest,” he said.

Naveen Arul
Author: Naveen Arul
As a Principal Correspondent based out of Bengaluru, Naveen has been covering the southern and western regions of the country for development of editorial content for the magazine, as well as website. Passionate about automobiles (two- and four-wheelers) from a very young age, Naveen has had the opportunity to learn and write about technologies in this sphere ever since he joined ATR in 2013. His personal interests predominantly revolve around learning mechanical aspects of any system and trying to work on them himself. He tweets @naveenarul