Asia

Asia

India | Policy Targets & Drivers

India | Policy Targets & Drivers

Draft Battery Swapping Policy released

Policy Drivers

Energy independence Improvement of air quality Localization of value chain Improving manufacturing capability

Policy Targets

50GWh of local cell production by 2030 30% of Cars and 80% of 2/3Ws to be EVs by 2030 500 GW renewable energy by

Policy Instruments

Production Linked Incentive Schemes for Cell Manufacturing, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Viability Gap Funding for Energy Storage

FAME 1 introduced

Battery Waste Management rules published

FAME 3 expected

FAME 2 introduced with subsidy outlay of Rs 10000 Crores

FAME 2 subsidies increased by 50% for two wheelers.

FAME 2 subsidies decreased by 33% for two wheelers.

PLI scheme for advanced cell chemistries announced.

Controversy surrounding localization and rules around chargers.

Source: Niti Manufacturing Strategy; Switch Delhi; RMI; Niti-Advanced Cell Chemistry; Ministry of Heavy Industries

Extracted from the PDF; charts and images may read imperfectly.