The ₹ 10,000 cr government support under FAME II scheme over a three-year period is designed to support 10 lakh electric two-wheelers, 5 lakh three-wheelers, 55,000 four-wheelers and 7,000 electric buses. The first year of the FAME II scheme hasn’t quite yielded the desired results and the outbreak of Covid-19 has thrown up doubts about how this scheme will pan out going forward. The webinar sought answers on how the government and industry can fast-forward the country’s EV ecosystem. It elaborated on whether the prevailing slowdown (even before arrival of Covid19) and subsequently the pandemic will serve as roadblocks in EVs taking off. The webinar also measured at length on what kind of roadmap should be mapped out by various industry stakeholders for the EV journey to be a success story in the country.
COVID-19 BACKLASH
While conceding that the prevailing times are exceedingly challenging for the entire demand supply chain globally, Kumar said the response against the Covid-19 crisis will be equally challenging. “The exact economic impact of the coronavirus is unknown not just in the Indian context, but also at a global level and the new term ‘social distancing’ could have an impact on shared mobility for a long time,” he pointed out.
This story is from the May 2020 edition of Auto Tech Review.
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This story is from the May 2020 edition of Auto Tech Review.
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