Policy and regulatory analysis- Electric Vehicles (EV’s) segment

Date of publication- September 2019

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Globally there is mass scale transition of transport sector from Internal Combustion Engine (ICE) to Electric Vehicles (EV’s). Government of India has also laid out its plan to make this transition happen in India and attain 100% sale of EV’s by end of 2030. Nine State Governments have already come up with their EV policies to promote development of electric mobility infrastructure and provide incentives for manufacturing of EV’s.

Under Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme of government, about INR 100 billion budget outlay is planned to be rolled out from 2019-2022. 40% of this budget will be allocated only to e-buses, which will provide impetus to electrification of shared transport.

In this study we will analyse in detail all the state and central level targets planned, incentives proposed, tax exemptions given, EV manufacturing incentives, subsidies proposed for building infrastructure for charging stations. All these targets, incentives and subsidies will be analysed across two wheeler, three wheeler, four wheeler and public transportation.

  1. EV market growth trends in India
  2. Central policies
    • NEMPP
    • FAME 1
    • FAME 2
  3. State policy analysis
    • Targets for EVs
      • 2 wheelers
      • 3 wheelers
      • 4 wheelers
      • Public transportation
    • Subsidies and incentives offered
    • Loan waivers
    • Tax exemptions
    • Manufacturing incentives
      • SMEs
      • MSMe
      • Others
    • Charging Stations
      • Incentives offered
      • Electricity tariff rates
  4. International markets (US, China)
    • Growth trends
    • Schemes/ policies that worked
    • Lessons for Indian market
  5. Key players opinion on state and central policies
    • Auto OEM’s
    • Think Tanks
  6. Conclusion
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