In India, the central government offers an e-vehicle subsidy under the national FAME-II scheme, while individual states have formulated their own policies to help EVs become a mainstream alternative. Each state has its own set of criteria for subsidy in electric vehicles, whether it’s an Electric vehicle car or an Electric vehicle bike. Naturally, government-sponsored electric vehicle subsidy programs have become critical to paving the way for EVs in the country.
Electric vehicles have larger batteries and are eligible for major government incentives like electric vehicle subsidies. State EV programs also subsidize electric automobiles and Sports Utility Vehicles (SUVs).
Overall, government EV policies, aimed at increasing affordability even further, provide more impetus to the shift. With the government’s initiatives to promote e-mobility electric vehicles are becoming more accessible and affordable to the Indian consumer.
The Indian government will stop its electric vehicle subsidy scheme
For some companies, the Indian government will stop its electric vehicle subsidy scheme. Because of the consistent complaints that have been received against the companies. Recently, CNBC-TV18 reported on Wednesday, citing sources. The government may ask some of the companies to return the subsidies received already, as this is also depicted in the report.
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