Electric 2W sales crash

THE WITHDRAWAL OF subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme has led to a sharp fall in the average daily sales of electric two-wheelers (e2Ws).

- SWARAJ BAGGONKAR

Battery electric motorcycles, scooters, and mopeds clocked average sales of 1,460 units per day during the first half of April, down from 2,900 units clocked in February, data from the government's VAHAN portal show.

The average daily e2W sales, however, saw a surge in March, the last month of the FAME II scheme.

The scheme used to provide a subsidy of up to 22,000 per e2W.

On April 1, the government rolled out the Electric Mobility Promotion Scheme (EMPS), where the subsidy per electric two-wheeler was halved to ₹5,000/kWh from ₹10,000/kWh, and capped it at a maximum of ₹10,000 per vehicle, a significant reduction from the provision in the previous scheme.