The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Pressure to source locally could compromise quality, EV makers’ body says over subsidy tussle with govt

News Snapshot:

New Delhi: Embroiled in a tussle with the Centre over the flagship FAME-II subsidy scheme, which mandates a certain amount of localisation for the manufacture of electric vehicles (EV), the Society of Manufacturers of Electric Vehicles (SMEV) has warned that “forced localisation” comes with the danger of usage of low-quality products that can “lead to fires”. Under the FAME-II (Faster Adoption and Manufacturing of Electric Vehicles) scheme, introduced in 2019, the government offers subsidy to EV companies on locally manufactured vehicles. To be eligible for the subsidies, EV original equipment manufacturers (OEMs) must demonstrate that at least 50 per cent…

Other China Tech Buzz: