Cover Battery Swapping in Incentives Under FAME-II Policy: FCCI

The Federation of Indian Chambers of Commerce and Industry (FICCI) requested the inclusion of the battery swapping model of charging for incentives under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme to aid the adoption of electric mobility in India.

Under the Rs 10,000-crore FAME-II scheme, incentives mainly to 7,090 e-buses, 5 lakh e-rickshaws and 10 lakh registered electric two-wheelers has been planned. The FAME-II scheme announced in March 2019 was badly needed, but there are some clauses in the policy which could still be modified for better results, FICCI said in a statement.

The FAME-II policy also proposes incentives to 35,000 electric four-wheelers and 20,000 strong hybrid four-wheelers with an ex-factory price of up to Rs 15 lakh.

But, under the scheme in the four-wheeler and three-wheeler segments, incentives are applicable primarily on vehicles used for registered commercial purposes and public transport.  

The policy also contemplates the setting up of charging infrastructure, whereby around 2,700 charging stations will be installed in metropolitan cities, other million-plus cities, smart cities, and cities in hilly states.

“As the battery swapping services were not factored earlier in the scheme, this may also require for additional funding in the FAME-II policy so as not to curtail the funding that is required for EV charging stations which would be needed for four-wheelers and buses etc,” the FICCI added.

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A Law graduate who believes that - "there is always a room for improvement". Aruna is a prolific content writer who explicitly produces content mostly fallen within the fields of – legal, finance, healthcare, and business. She is a person with the attitude of a writer by day and reader by night.

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