SUBSCRIBE NEWS LETTER

subsidy

Two-Wheeler EV Sales Dip As Govt Slashes FAME-II Subsidy

The slashing of subsidies for electric two-wheelers by the Ministry of Heavy Industries last month has now shown results in its sales in the market. The ministry gives subsidies under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. This hand-holding support from the government apparently helped many consumers to shun polluting vehicles and […]

Read more

Govt Reduces Subsidy For Electric Two-Wheelers Under FAME-II

In its latest notification, the Ministry of Heavy Industries has ordered reduction in subsidies for electric two-wheeler vehicles under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. The new provisions will be rolled out in India from June 1, 2023. With the reduced hand-holding support from the government, the electric two-wheeler prices are […]

Read more

Govt To Disburse Subsidy Dues To Ola, Ather, Hero & TVS Under FAME-II

The Ministry of Heavy Industries, the nodal government agency handling the Faster Adoption of Manufacturing of Electric Vehicle (FAME)-II scheme, has been mulling returning the due subsidies of four major electric two-wheeler companies, reports claimed.  The move comes days after these EV players announced reimbursing the EV customers to whom these companies sold EV chargers […]

Read more

Subsidy-Free Offshore European Wind Bids On The Rise: GlobalData Report

The latest report by GlobalData, a data and analytics company, claimed that European countries are witnessing increased subsidy-free wind energy bids due to intense competition. However, the report said several factors have also led to the undersubscription of renewable energy auctions.  GlobalData’s latest report titled ‘Europe Renewable Energy Policy Handbook 2023’ pointed out that the […]

Read more

CESL Study On E-Buses Claims Cost Savings Vs CNG, Diesel Buses, Even Without Subsidy

Government-owned entity Convergence Energy Services Ltd CESL, which recently launched India’s largest e-bus tender, has shared a case study on the results of the bidding. This case study, which is based on a thorough market research conducted by CESL, WRI India, the World Bank, and others, highlights the key features of The Grand Challenge, which […]

Read more

MNRE Hikes Rooftop Solar Subsidy For Residential Category in Hilly, NE States

In an order communicated via an Office memorandum on January 27, the Ministry of New and Renewable Energy (MNRE) has hiked the Central Financial Assistance (CFA) for installation of Rooftop Solar (RTS) in the residential sector across India. The Programme is being implemented by DISCOMs/State Implementing Agencies. Responding to what it termed representations received from […]

Read more

World’s First Subsidy-Free Offshore Wind Farm In Netherlands Produces First Power

The 1.5GW Hollandse Kust Zuid offshore wind farm, the first subsidy-free offshore wind farm in the world, has started producing power and supplying it to the Dutch electrical grid. Swedish power company Vattenfall won the right to build all four allotments in the Hollandse Kust Zuid. No financial aid from the government was required or […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll