TIL Desk/Business/New Delhi/ Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles. The company, which markets two scooters – Ather 450X and the Ather 450 Plus – also sought the inclusion of electric vehicle (EV) startups under the PLI (Production-Linked Incentive) scheme.
“The demand for electric vehicles continues to surge ahead as consumers reap benefits offered by the FAME II subsidy and tax rebates. To keep up the consumer demand and to drive faster adoption of EVs, we are hopeful that the FAME II subsidy would continue well beyond 2023,” Ather Energy co-founder and CEO Tarun Mehta said in a statement.
The demand for electric vehicles continues to surge ahead as consumers reap benefits offered by the FAME (Faster Adoption and Manufacturing of Electric Vehicle) II subsidy and tax rebates, he added.
