Chennai: The sale of electric vehicles under the FAME scheme in 2023 is 20 per cent higher than last calendar year.
In the calendar year 2022 till December 15, the total sales of electric vehicles as per the Vahan data stood at 8,19,223 against 6,84,789 last year – higher by 20 per cent. Since June, the sales have been above 1 lakh mark and higher than the year-ago months. In the first 15 days of December, the sales stood at 51,868 against 1,05,006 in December 2022. However, the data does not include sales of Telangana and Lakshadweep.
According to the government, there has been no slowdown in the sale of electric vehicles. Under the second phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India), the government has provided budgetary support of Rs 10,000 crore initially for five years from April 1, 2019.
Under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry approved on September 15, 2021, the budgetary outlay has been Rs 25,938 crore. The scheme provides incentives up to 18 per cent for electric vehicles.
Further, the PLI scheme for ‘National Programme on Advanced Chemistry Cells (ACC) Battery Storage’ has a budgetary outlay of Rs. 18,100 crore. The scheme envisages establishing a competitive ACC battery manufacturing setup in the country for 50 GWh.
Additionally, 5GWh of niche ACC technologies is also covered under the Scheme. GST on electric vehicles and chargers/ charging stations for electric vehicles has been reduced to 5 per cent and battery-operated vehicles with green license plates are exempt from permit requirements. States also have to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.
