India's total number of electric vehicles is 13.34 lakh, while the number of non-electric vehicles is 27.81 crore, according to the Ministry of State for Heavy Industries, which is launching a series of initiatives to reduce dependence on fossil fuels and address vehicular pollution.
Phase-II of the FAME India Scheme is being implemented beginning of April 2019, with a total budgetary support of Rs 10,000 crore.
On May 12, 2021, the Government of India approved a Production Linked Incentive (PLI) program for the manufacture of Advanced Chemistry Cell (ACC) in the country in order to lower battery prices in the country. This will result in a cost reduction of electric automobiles.
Electric vehicles are covered by the Production Linked Incentive (PLI) scheme for Automobile and Auto Components, which was approved on September 15, 2021, with a budgetary expenditure of Rs 25,938 crore.
The GST on electric vehicles has been reduced from 12 to 5 percent; the GST on chargers/charge stations for electric vehicles has been reduced from 18 to 5 percent.
Battery-operated automobiles will be issued green license plates and will be exempt from permit requirements, according to the Ministry of Road Transport and Highways.
MoRTH has issued a notice advising states to waive road tax on electric vehicles, which in turn will help reduce the initial cost of electric vehicles.