SMEV - SmartEnergy

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

29Jul

By Editorial TeamNo Comments

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

The SMEV today indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI. SMEV said that post numerous discussions with EV manufacturers, and those who are impacted by MHI’s decisions since the last 18 months, an unusual, but obvious, possibility for a logical solution has emerged and the OEMs have come around to accepting it as the best under the circumstances. This was confirmed after some OEMs collectively wrote to the newly appointed Honorary Chief Evangelist of SMEV, Shri Sanjay Kaul with a consensus on plausible steps and practical solutions that work for all. Following this, Sanjay Kaul has written to Hon’ble Minister, MHI Shri Mahendra Nath Pandey proposing these steps in or...

SMEV Ropes in Sanjay Kaul to Lead Advocacy for the Sector: Suspends Present Constitution Temporarily

The SMEV has today indicated that it will go into voluntary hibernation to coincide with the appointment of Shri Sanjay Kaul as Chief Evangelist. Mr Kaul has been a prominent civil society and consumer activist and is well known for his role in federating civil society groups in the capital. Mr Kaul has interests in the EV sector and believes strongly in the growth potential and importance of this sunrise industry for the nation. He is actively promoting international investments in the sector in India. The move comes in the wake of the crisis in the EV sector since the last year with almost all OEMs in the sector dealing with issues of non-compliance with Policy details. Speaking on the appointment, Ajay Sharma, Secretary General SMEV said, “We have requested Mr Kaul to help ...

SMEV Petitions NGT: Slashing E2W Subsidy has Disrupted India’s Transition to Clean Fuel

The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has today petitioned the National Green Tribunal (NGT) expressing concerns that MHI’s latest decision to cut-down FAME 2 subsides is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country. The SMEV via this letter has requested for NGT’s support to a Green Tax on fuel-based two-wheelers so as to incentivize the adoption of green vehicles and contribute to the national objective of environmental preservation and pollution reduction. It is be noted that recently, the Ministry of Heavy Industries (MHI), ...