India to be a global giant in electric vehicles by 2030: Govt
electric vehicle subsidies will end, a high-level official was quoted as saying by the ET Auto.
«India will be a global giant in all sectors of electric vehicles (EVs) by 2030.
In 2-wheelers, it will be much earlier,» Kamran Rizvi, Secretary, Ministry of Heavy Industries, told ET Auto on the sidelines of the 63rd SIAM Convention.
On subsidies, Rizvi said that India is continuing to spend more money to support the EV industry while most other countries like China, and the UK, are withdrawing or reducing EV subsidies.
«At some point these schemes will come to an end,» he said.
The statement came amid reports that the government is exploring legal options against electric two-wheeler companies for not complying with the FAME II scheme norms.
The Centre has sought Rs 469 crore from seven electric two-wheeler makers for claiming incentives while not complying with the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme norms.
The government is seeking a refund of incentives from Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Amo Mobility, and Lohia Auto.
An investigation by the heavy industries ministry has revealed that these companies have availed fiscal incentives under the scheme by violating the norms.
As per the rules of the scheme, incentives were allowed to produce electric vehicles by using made-in-India components, but in the investigation, it was found that these seven firms allegedly used imported components.
The ministry conducted the investigation after receiving anonymous emails alleging that several EV makers were claiming subsidies without complying with the Phased Manufacturing Plan (PMP) rules to boost domestic manufacturing of these electric vehicles.
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