EV makers would need govt support for longer term: Par panel
The electric vehicle manufacturers would need government support for a longer term until the EV market becomes self-sustainable, more affordable and within the reach of the common man, a Parliamentary panel said in a report on Monday.
The department-related parliamentary standing committee on industry has also expressed concerns over a "lacklustre progress" in both physical and financial targets set under the FAME II scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles).
The report said that the heavy industries ministry needs to promote electric mobility colossally by working towards technological solutions through R&D efforts with industry, research and development agencies.
The ministry, it said, must plan a road map to reap this opportunity for proliferation of production, sales and incentivisation of EVs.
"The committee is of the view that the manufacturers would need the support from government on a longer term i.e, until the EV market becomes ...