Government Subsidies Electric Two-Wheelers To Attract Customers
In an attempt to increase adoption and manufacturing of electric vehicles in India, the government has increased subsidies on electric two-wheelers under the FAME II scheme. According to a notification issued by the Department of Heavy Industry, the amendment has increased the incentive from ₹10,000 per kWh to ₹15,000 per kWh. The notification further states that the incentive will be 40% of the total two-wheeler cost.