The Indian Government have been passing regulations and encouraging electric vehicles in the country, as the global automotive climate shifts towards eco-friendly and clean alternatives to internal combustion engines (ICE).
The recent cut in GST rates and the FAME II scheme hints at an imminent electric revolution that stands before the Indian automotive industry.
In context of slowing automotive sales in the country, auto giants have been addressing the government's lack of action towards resolving the issue. The auto industry has been opposing a proposal to push for full conversion to EVs for ICE three-wheelers by 2023 and two-wheelers with engine capacity of 150cc or below by 2025 by Niti Aayog, saying a transition was completely uncalled for and could jeopardise the industry.
However, Prime Minister Narendra Modi, on Wednesday, assured that conventional engine vehicles and electric vehicles (EVs) can co-exist in India, saying it would encourage investment and job creation in future.
Here is a tweet of Finance Minister Nirmala Sitharaman :