Abstract:

Electric Vehicles (EVs) are poised to take center stage in the impending transformation of the automobile sector into a renewable alternative as opposed to fuel dependent vehicles. The Indian government has responded accordingly, shelling out a significant outlay under the Phase II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme. This scheme primarily aims to address the concentration of vehicular emissions in cities by reducing the number of fuel run Internal Combustion Engine (ICEs) vehicles to rechargeable EVs.  China began electrification of its vehicles in 2010 with emphasis on subsidizing short-range batteries initially (these subsidies are not operational anymore). The current subsidies for long-range batteries enable China to leverage incentives to climb the technology value chain further.