New Delhi: Electric two-wheelersegment is expected to face a rough road in the initial phase of the FAME II Scheme with the exclusion of lead battery-powered such vehicles, as per a Crisil impact note.
The central government late last month laid out the eligibility criteria for electric buses, passenger vehicles, three-wheelers and two-wheelers to avail the incentives under the ‘Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India’ (FAME-II) scheme.
The criteria is based on minimum top speed, range per charge and acceleration as well energy consumption efficiency of EVs.
“Our assessment of the product portfolio of various EV manufacturers indicates that the electric two-wheeler segment would be impacted the most by FAME-II rules. We believe more than 95 per cent of the electric two-wheeler models being produced now will not be eligible for incentive under FAME-II,” Crisil said in the note issued Sunday.
With the aim to promote eco-friendly vehicles, the government had launched the FAME India in 2015.