Demand for e-vehicles in India more than doubled in 3 years – Times of India

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NEW DELHI: The adoption of an electric vehicle by commuters is on the rise in the country as falling prices and government support is pushing up demand and increasing adoption of these green vehicles.
In a written reply to a question on e-vehicles in Lok Sabha on Tuesday, Minister of State for Heavy Industries Arjun Ram Meghwal said that the number of registered electric vehicles as per the e-Vahan portal during the last three years has seen a consistent increase.
As against 69,012 units of electric vehicles sold in India during 2017-18, its numbers increased to 143,358 units in 2018-19 and again rising in 2019-20 to 167,041 units. The number included both two-wheelers, three-wheelers and buses but two-wheeler sales have been upbeat.
The Minister informed the House that electric vehicles are being supported by the way of demand incentives under FAME India Scheme phase II to reduce the cost difference between the electric vehicles and ICE (Internal Combustion Engine) vehicles.
He said that the government is also taking a number of other steps for the promotion of electric vehicles in the country. GST on electric vehicles has been reduced from 12 per cent to 5 per cent; GST on chargers/ charging stations for electric vehicles has been reduced from 18 per cent to 5 per cent.
Moreover, the Ministry of Power has allowed the sale of electricity as a ‘service’ for charging electric vehicles. This would provide a huge incentive to attract investments into charging infrastructure, the Minister said.
The government has also granted an exemption to the Battery Operated Transport Vehicles and Transport Vehicles running on Ethanol and Methanol fuels from the requirements of the permit.
In the Budget of 2019-20, Finance Minister Nirmala Sitharaman announced the provision of an additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles.
In order to promote electric vehicles, the Government has notified for retro-fitment of a hybrid electric system or electric kit to vehicles and has specified the type-approval procedure of electric hybrid vehicles.
The Ministry of Road Transport & Highways has notified certain specifications for the grant of licence to the age group of 16-18 years to drive gearless E scooters/ Bikes up to 4.0 KW.
Also, the Ministry of Housing and Urban Affairs has made amendment in the Urban and Regional Development Plans Formulation and Implementation (URDPFI) guidelines to provide for electric vehicle charging stations in private and commercial buildings.



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