Government Cracks Down! Electric Two-Wheeler Beneficiaries Slashed by Half in FAME Scheme Amidst False Claims Scandal!
The government has slashed the beneficiary tally of electric two-wheelers under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme by nearly half, to 564,000 from 989,000.
The move comes after an investigation by the Automotive Research Association of India (ARAI) found that many companies had made false claims about localizing the production of electric two-wheelers.
The FAME scheme was launched in 2015 to promote the adoption of electric vehicles in India. It provides subsidies to manufacturers and buyers of electric vehicles.
The government had initially planned to subsidise the sale of 1 million electric two-wheelers under the FAME scheme. However, the ARAI investigation has found that many companies had imported key components for their electric two-wheelers, even though they had claimed to have localized production.
As a result, the government has decided to slash the beneficiary tally of electric two-wheelers under the FAME scheme. This will mean that fewer people will be eligible for the subsidy.
The government has also said that it will take action against the companies that made false claims about localizing production.
The slashing of the beneficiary tally is a setback for the government’s efforts to promote the adoption of electric vehicles in India. However, the government has said that it is committed to promoting electric vehicles and that it will continue to provide subsidies to manufacturers and buyers of electric vehicles.
The government has also said that it is working on a new policy for electric vehicles, which will be announced soon. The new policy is expected to provide more incentives for the adoption of electric vehicles.
The government’s decision to slash the beneficiary tally of electric two-wheelers has been met with mixed reactions. Some people have welcomed the move, saying that it will help to weed out the companies that are not serious about localizing production. Others have criticized the move, saying that it will discourage the adoption of electric vehicles.
Only time will tell what the impact of the government’s decision will be. However, it is clear that the government is serious about promoting the adoption of electric vehicles in India.