According to sources in the Heavy Industry Ministry, which has proposed the outlay and road-map for the scheme, the government has decided to adopt a 'technology agnostic' approach and only advanced chemistry batteries will be promoted in the Phase II of the scheme. Meanwhile the second phase of the scheme, which was expected to be implemented from April 1, is likely to be delayed and the proposals entailing financial support to the tune of Rs 8,730 crore are likely to send to the Union Cabinet for approval soon.
An official said out of the Rs 8,730 crore, support to the tune of Rs 5,550 crore has been proposed as demand side incentives during the second phase of the scheme spanning five years. Moreover the fund support includes Rs 2,500 crore for buses, Rs 1,000 crore for four-wheeler, Rs 600 crore for high-speed two wheeler (with maximum speed greater than 25 km) and Rs 750 crore for high-speed three-wheeler.
Further the official further said in order to prevent very high-end
vehicles to take advantage of government incentives, it has been proposed to
restrict incentives to vehicles with ex-factory prices lower than a particular
threshold value.
