The Centre has decided to slash the T Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) subsidy of electric two-wheelers to ₹10,000 per Kwh, from the existing ₹15,000 per kwh.
The existing maximum subsidy cap of 40 percent of the ex-factory price of the vehicle has also been brought down to 15 per cent, senior government officials said.
The move came as the ₹2,000-crore outlay for supporting electric two-wheelers was about to get exhausted months before the March 2024 deadline of the scheme. The government has already disbursed subsidies for around 80 per cent electric two-wheelers of the targeted 1 million.
Union Minister of Heavy Industries Mahendra Nath Pandey called the move "a positive step towards sustainable transportation solutions in India".
Bu hikaye Business Standard dergisinin May 18, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 18, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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