New Delhi: A total of 13,92,265 Electric Vehicles (EVs) are running on Indian rods as of August 3, 2022, as per the information received from the Ministry of Road Transport and Highways.
This comprises 5,44,643 two-wheelers, 7,93,370 three-wheelers and 54,252 four-wheelers and above, according to the data provided by the ministry.
Further, sale of EVs in FY 2021-22 has gone up over three times as compared to sale of EVs in FY 2020-21 from to 1,34,460 (e2W:41048, e3W-88391 and e4w-5021) to 4,28,224.00 (e2W: 2,31,434, e3W: 1,77,884, e4W:18,906) as per the information available on VAHAN-4 centralized database of RC (Registration Certificate), the Ministry of Heavy Industries said in a statement.
The increase in the sale of EVs is attributed mainly to the incentive provided under FAME India Scheme Phase-II, provided to buyers of electric vehicles meeting FAME criteria in the form of an upfront reduction in the purchase price of electric vehicles.
The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20 percent of the cost of vehicle.
Further, the incentive/ subsidies for e-2W have been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20 percent to 40 percent of the cost of the vehicle from June 11, 2021.
In order to boost the adoption of EVs, the government approved the Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down the prices of batteries in the country.
A drop in battery prices will result in cost reduction of electric vehicles.
Electric Vehicles are eligible for incentives under the PLI scheme for automobiles and auto components, which was approved on September 15, 2021, with a budgetary outlay of Rs 25,938 crore for a period of five years.
The GST on electric vehicles was reduced from 12 percent to 5 percent while the GST on chargers/ charging stations for electric vehicles was reduced from 18 percent to 5 percent.
As further encouragement, the Ministry of Road Transport & Highways (MoRTH) announced that battery-operated vehicles will be given green license plates and be exempted from permit requirements.
MoRTH issued a notification advising states to waiveroad tax on EVs, which in turn will help reduce the initial cost of EVs.
Under Phase-II of FAME-India Scheme, Rs 1000 Cr has been allocated for the development of charging infrastructure.
The Ministry of Heavy Industries had sanctioned 520 Charging Stations/ Infrastructureunder the Phase-I of FAME India Scheme.
Further, it also sanctioned 2,877 Electric Vehicle Charging Stations in 68 cities across 25 States/UTs and1576 charging stations across 9 Expressways and 16 Highways under Phase II of FAME IndiaScheme.
Under FAME India Scheme I & II, a total of 532 charging stations have been installed as on July 15, 2022 (479 under FAME-I and 53 under FAME-II).
Ministry of Petroleum and Natural Gas (MoPNG) has informed that Oil Marketing Companies (OMCs) as of July 1, 2022, established 3448 electric vehicle charging stations at their Retail Outlets (ROs).