EV subsidy cut to 15 per cent given the inroads made in the market: Ministry
New Delhi, Feb 9 The government reduced the electric vehicle (EV) subsidy for electric two-wheelers (e-2Ws) to 15 per cent of the ex-factory price from 40 per cent under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) India scheme phase-II, keeping in mind the increasing penetration of the EV market. “This was implemented after … Read more