Question
What is the current status of EV’s in India? What are the challenges for adoption of EV’s in India?
The current status of electric vehicles (EVs) in India is gradually gaining momentum, but the adoption and penetration of EVs in the country still face several challenges. Here is an overview of the current status and the key challenges for the adoption of EVs in India:
Current Status of EVs in India:
Government Initiatives: The Indian government has taken significant steps to promote EV adoption. The National Electric Mobility Mission Plan (NEMMP) was launched in 2013, followed by the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme in 2015 and the FAME II scheme in 2019. These initiatives provide financial incentives, subsidies, and infrastructure support to accelerate the adoption of EVs.
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