POWER

Target of selling 10 lakh electric 2-wheelers under FAME-II ‘nowhere in sight’: SMEV

With just 25,735 units of high speed electric two-wheelers sold in 2020, the ambitious target of generating a sale of 10 lakh such vehicles by March 2022 under FAME-II is nowhere in sight, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday.

According to the SMEV, the sales of high-speed electric two-wheelers, which qualify for incentives under the government’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) II scheme, in 2020 were down 5 per cent from 27,224 units sold in 2019.

“While the E2W industry has been able to weather the Covid-19 pandemic by sales of high speed electric two-wheelers in the January to December 2020 period clocking 25,735 as against 27,224 units sold in the previous calendar year, the ambitious target of generating a sale of 1 million under FAME-II is nowhere in sight,” the SMEV said in a statement.

The SMEV said when the FAME-II scheme was launched in April 2019 the plan was to put at least 10 lakh high-speed electric two-wheelers on the road by March 2022.

Stating that FAME-II has failed to pep up sale of electric two-wheelers, it said, “The actual cumulative sale since January 2019 has been 52,959, however, sale under the scheme has remained only 31,813 units.”

Source
ET Energy World
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