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Jun 23, 2018
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Government to scrap subsidy for private electric cars
The Centre plans to scrap cash incentives currently offered to buyers of electric cars despite having incentivised these clean fuel technologies till just a few months back. The move, experts said, will further dampen sales of private electric cars.Policy-makers justified the move, saying the government has now decided to give cash subsidies to electric vehicles used by shared-mobility operators such as Ola and Uber, “as their vehicles will run much more than private cars”.Official sources said the government seeks to withdraw the cash incentives for private electric cars because it neither makes a “substantial difference in promoting sales nor serves the purpose of a clean environment”.
Source -
https://economictimes.indiatimes.com
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