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States Offering Financial Assistance Lead in 2-w EV Adoption: RBI
The Business Guardian
|August 30, 2025
States that provide financial assistance in the form of subsidies and grants are witnessing stronger adoption of two-wheeler electric vehicles (2W-EVs), according to a study report by the Reserve Bank of India.
The report highlighted that supportive policies at the state level have played a key role in shaping the adoption trajectory of EVs across different regions of the country.
It stated, "Most state governments have been offering incentives such as subsidies along with tax and registration fee waivers on every new 2W-EV purchase. On the other hand, a few states did not offer any additional subsidies beyond tax and registration fee waivers."
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