Electric vehicle (EV) makers have asked Niti Aayog to formulate policies for giving incentives worth Rs 40,000 on every e-scooter to accelerate adoption of such vehicles powered by lithium battery. The government can then pass on the Rs 40,000 subsidy (against Rs 22,000 at present) directly to the manufacturer, he added. Elaborating further, he said that a fixed price of Rs 40,000 will ensure that manufacturers do not take advantage of the subsidy to increase their margins. High price of lithium powered scooters, even after subsidy, is one of the main reasons for low sales. Currently, 99 per cent of the electric scooter sold are powered by low speed lead batteries due to affordability factor.

Source: dna August 20, 2017 07:18 UTC