The government approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country
There were a total of 104,806 Electric Vehicles registered in 2021 (till July 19, 2021) and it is expected that this year, the number will overtake the highest EV registrations achieved in 2019 of 161,314
The Ministry of Road Transport and Highways, Government of India has informed that as per e-vahan Portal Electric Vehicles (EV) registered in the country at 517,322 from 2018-21 (till July 19, 2021).
In 2021 (till July 19, 2021), there were a total of 104,806 Electric Vehicles registered and it is expected that this year, the number will overtake the highest EV registrations achieved in 2019 of 161,314.
The government is focusing on supporting electrification of public and shared transportation and aims to support through subsidies, 7,090 e-Buses, 500,000 e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars, and 10,00,000 e-2 Wheelers.
Break-up of Electric Vehicles registered in the country from 2018-21
Year - No. of Electric Vehicles
2018 - 131,554
2019 - 161,314
2020 - 119,648
2021* - 104,806
Total - 517,322
* Till July 19, 2021
Source: Indian Chemical News
The Ministry of Heavy Industries formulated a Scheme Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/hybrid vehicles (xEVs) in the country. At present, Phase-II of FAME India Scheme is being implemented for a period of 5 years with effect from April 1, 2019 with a total budgetary support of Rs. 10,000 crore. 38 original equipment manufacturers (OEMs) of e-2W, e-3W & e- 4W have been registered under phase-II of FAME-India Scheme as on 9th August 2021.
Under the FAME-II scheme, the demand incentive for e-2W is increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to 40% of cost of vehicle to increase adoption of e-2W. Further, the Phase-II of FAME-India Scheme is extended for a period of two years after 31st March, 2022.
On May 12, 2021, the government approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country. Drop in battery price will result in cost reduction of electric vehicles. GST on electric vehicles has been reduced from 12% to 5% and GST on chargers/charging stations for electric vehicles has been reduced from 18% to 5%.
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