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The department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.
The government's continued support to drive adoption of EVs, with a keen focus on locally built electric two-wheelers will make India the manufacturing hub of EVs, said Ather Energy CEO and Co-founder Tarun Mehta
Electric two-wheeler makers on Saturday termed as "a phenomenal move" by the government to increase subsidy for such vehicles by 50 per cent under the FAME II scheme saying it would be a game changer in the adoption of eco-friendly vehicles. The government on Friday made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II), including increasing the demand incentive for electric two-wheelers to Rs 15,000 per KWh from the earlier uniform subsidy of Rs 10,000 per KWh for all EVs, including plug in hybrids and st...
Govt hiked the demand incentive for electric two-wheelers to ₹15,000 per kWh from the earlier subsidy of ₹10,000
Electric 2-wheeler makers term increased support under Centre’s FAME II scheme as ‘game changer’