Ministers of Transport and Chief Secretaries/Senior Officers from States, Industry Leaders from Automotive Sector, Start Ups and Technical Experts have been invited to participate in the Round Table.
In the post pandemic world, with a renewed thrust on climate change, there is a disruptive change happening in the global automotive scenario with a big boost to future technology Electric vehicles having zero emission. Innovations and technological breakthroughs in EV components are catalysing this disruption. The Government of India is giving impetus to accelerate the EV transition in view of the climate change concerns and to reduce dependence on imported oil and has pressed several policy levers to achieve the same.
To give an impetus to manufacturing and adoption of Electric Vehicles and High-Technology Automotive, Ministry of Heavy Industries is executing 3 major schemes with a total outlay of Rs 54,038 crore:
(i) Faster Adoption and Manufacturing of Electric Vehicles in India II (FAME India II) scheme with an outlay of Rs 10,000 crore to incentivize demand for EVs by providing upfront subsidies and creating EV charging infrastructure. (ii) National Programme on Advanced Chemistry Cell (ACC) with an outlay of Rs 18,100 crore to incentivize setting up of manufacturing facilities in the country for 50 GigaWatt Hour of ACC and 5 GWh of "Niche" ACC.
(iii) Productivity Linked Incentive (PLI) scheme for Automobile and Auto Components with an outlay of Rs 25,938 crore to incentivise manufacturing of high technology automobiles and automotive components in India.
Other key interventions by the Government to promote EVs include reduction of GST on EVs from 12 to 5 per cent, income tax deduction on the interest paid on loans taken to purchase electric vehicles, delicensing of EV charging by declaring it as a service and not sale of electricity, amendment of building bylaws codes and town planning rules for provision of EV charging stations, green license plates for EVs etc.
Source: one india
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