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SIAM opposes NITI Aayog's proposal to introduce 'Feebate' model

Updated : December 14, 2018 22:49:14 IST

Society of Indian Automobile Manufacturers (Siam) has opposed NITI Aayog's proposal to introduce fee and rebate (Feebate) model to promote electric vehicles, said people familiar with the matter.

Based on the ‘polluter pays’ principle the Feebate model works by levying a fee or penalty on polluting vehicles and offering a rebate or a reward on the lesser polluting ones.

According to SIAM, the auto sector is already taxed at an extremely high-level and feebates make sense only when there is an ecosystem in place.
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