Electric Vehicles This Week: Centre Suspends “Feebate” Policy Ahead Of Elections And More
- The Indian government approved FAME II scheme with an outlay of INR 10,000 Cr
- The cost of electric vehicles is slated to reduce by INR 20K to INR 2.5 Lakh from April
- Ola has set up an independent company, named Ola Electric Mobility to lead its electric vehicle goal.
Last week, the central government finally approved the much awaited second phase of Faster Adoption and Manufacturing of Electric Vehicles in India or FAME II with an outlay of INR 10,000 Cr ($1.4 Bn) which will be invested over a period of three years.
As a part of the scheme, the government will offer an upfront incentive on the purchase of EVs. The Centre has also proposed setting up of 2,700 charging stations, with the availability of at least one charging station in a grid of 3 kmx3 km.
Karnataka chief minister HD Kumaraswamy launched Bengaluru’s full-fledged Public Bicycle Sharing (PBS) system on March 4. The dock-less bicycle sharing system named Trin Trin will offer and app-based private bicycle sharing operators who rent out the cycles at normal prices.
Meanwhile, Tata Group has unveiled Tata Altroz EV at the ongoing Geneva International Motor Show 2019. It showcased two variants, one as a production-ready car with traditional petrol or diesel engine and the other one as an electric vehicle, which is a concept. Speculations are rife that the petrol and diesel version of Altroz will be launched this year and EV version could be launched in later next year.
Source: inc42
