UPDATE: On 7 March, the government officially announced a 15% import subsidy on lithium. The Ken had earlier reported a 5% subsidy rate, as told to us by a senior official in the know of FAME-II policy discussions.
2019 will be the year of the perfect electric storm.
This is the year that India might finally get the chance, in earnest, to ride on the path to electric mobility. After almost a year of policy negotiations between the Prime Minister’s Office and the Department of Heavy Industry (DHI), the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme, or FAME-II, was passed last week.