SMEV Hits Out At Govt, Says Only 50% Two-Wheeler EV Target Achieved

0
91

The Society of Manufacturers of Electric Vehicles (SMEV) has criticized the Indian government, saying that only 50% of the target for two-wheeler electric vehicle (EV) sales under the FAME-II scheme has been achieved. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME-II) scheme was launched in 2019 to boost the adoption of EVs in the country. Under the scheme, the government had set a target of selling 1 million two-wheeler EVs by March 2022. However, according to SMEV, only about 500,000 two-wheeler EVs have been sold in the country so far. The association has urged the government to extend the FAME-II scheme and increase incentives to accelerate the adoption of EVs in India.

The Society of Manufacturers of Electric Vehicles (SMEV) has expressed disappointment with the Indian government’s FAME-II scheme, stating that only 50% of the two-wheeler EV target has been achieved. SMEV stated that the demand for electric two-wheelers in India is strong, but the lack of incentives and infrastructure has prevented the sector from growing as fast as it should. The FAME-II scheme, which was launched in 2019, was aimed at accelerating the adoption of EVs in India by offering incentives to buyers. Under the scheme, incentives are offered for electric two-wheelers, three-wheelers, and four-wheelers, with a focus on promoting the use of electric vehicles in the public transportation sector.