Mass transport awaits a green revolution: How FM can power up EV industry

Clean energy public transport is crucially dependent on the mechanics of financing

It is fairly certain Finance Minister Nirmala Sitharaman will spend some time during her Budget speech on the electric vehicle (EV) revolution beginning to sweep India. She has various options from which to choose. Companies such as Hero MotoCorp-backed Ather Energy, which manufactures electric two-wheelers, hope the government will extend subsidies to buy EVs by expanding the production-linked incentive scheme to the sector or through tax rebates. Bus makers from Tata Motors to Ashok Leyland and JBM Motors want an extension of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME) scheme from the original purse of Rs