With global concerns around carbon emission-related pollution rising, the government is stepping in by implementing policy changes. In India, we have many battery operated rickshaw manufacturers engaged in electric vehicle manufacturing. They have gauged the shift in consumer preferences who need zero-emission alternatives to air-polluting public vehicles. To promote electric rickshaws for urban and rural public transportation, the government have rolled out schemes, policies, incentives and subsidies for the manufacturers. Let’s understand how the government supports battery operated rickshaw manufacturers.
Government Support for E-Rickshaw
Policies
The government has laid out policies that support the battery operated rickshaw manufacturers in various ways. Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) is a government scheme that aims at accelerating the manufacturing and sales of e-rickshaws. Tax rebates and reduced export duties are also part of the government policies. The Battery Swapping Policy encourages the production of swappable and efficient battery systems. They are exempted from permit requirements with green plates.
Incentives
The incentives include low-interest loans for starting an e-rickshaw dealership or establishing a manufacturing unit. They provide research and development grants for bringing innovation in battery technology, efficient power utilization, enhancing speed and improving ride.
Subsidies
The government provides subsidies on setting up manufacturing facilities, installing machinery, and hiring labour force. Regulatory supports like relaxed licensing terms and regulations favour the running of e-rickshaws on our roads. Low Goods and Services Tax (GST) on the purchase of battery operated rickshaws encourage dealers to buy e-rickshaws in bulk orders.
Infrastructural Support
Dedicated charging zones for battery rickshaws in accessible places encourage drivers to ride without worrying about battery capacity. This leads to lower reliance on automobile suppliers and more inclination towards battery operated rickshaw manufacturers.
Conclusion
Battery operated rickshaws have become the main driver of urban transportation in India, and government support has played a key role in it. Battery operated rickshaw manufacturers like SPEEGO Vehicles have become prominent players in the vehicle industry. With the support of government policies in favour of electric rickshaws, encouraging incentives, and subsidy support, we have become one of the preferred choices for e rickshaw dealers and local drivers.