EV Policies in India: A Comprehensive Overview

India's EV (Electric Vehicle) policies aim to accelerate the adoption of sustainable transportation by offering incentives, infrastructure support, and regulatory frameworks. Key initiatives include the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, which provides subsidies for EV buyers and manufacturers, and state-level EV policies promoting tax exemptions, charging station deployment, and manufacturing incentives. The Production Linked Incentive (PLI) scheme further supports domestic battery production and EV manufacturing, reducing dependency on imports.

Key EV Policies in India

1. Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme

   • FAME I (2015-2019): Provided subsidies for electric two-wheelers, three-wheelers, four-wheelers, and buses.
   • FAME II (2019-present): Extended with a budget of ₹10,000 crore to support demand incentives, charging infrastructure, and R&D.
2. Production-Linked Incentive (PLI) Scheme
   • Encourages domestic manufacturing of EV components and advanced chemistry batteries, reducing dependence on imports.
3. State-Specific EV Policies
   • Several states like Delhi, Maharashtra, Karnataka, and Tamil Nadu have introduced their own EV policies, offering incentives such as road tax exemptions, subsidies, and charging station development.
4. Battery Swapping Policy
   • Proposed by NITI Aayog to standardize and promote battery swapping infrastructure, particularly for two-wheelers and three-wheelers.
5. GST Reduction on EVs
   • Reduced GST rate from 12% to 5% on EVs and 18% to 5% on chargers to make electric vehicles more affordable.
6. Scrappage Policy
   • Promotes the phasing out of old, polluting vehicles and incentivizes the transition to EVs.

These policies collectively aim to reduce carbon emissions, lower fuel dependency, and make India a global hub for electric mobility.

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