A range of options and easy buying terms tilt the scales in favour to e-scooters; electric cars, on the other hand, are too expensive currently
Industry chamber FICCI on Monday said the recent changes in the FAME II scheme, including enhanced subsidies for electric two-wheelers, are expected to accelerate demand for electric vehicles
Electric two-wheeler firm Okinawa Autotech on Wednesday said it has reduced prices of its entire product portfolio, ranging between Rs 7,209 and Rs 17,892, in the wake of changes in the FAME II policy
Recently, Union minister Prakash Javadekar told Parliament about 285,000 buyers of electric/hybrid vehicles had been supported by a subsidy of Rs 360 crore under FAME.
Venture fund for start-ups in this space, 100% reimbursement of SGST on EV sales, zero electricity tax are some of the measures set out in the policy
Delhi, Mumbai, Bengaluru, Hyderabad and Ahmedabad got the highest number of buses at 300 each
The new scheme may link the incentives to the battery power - higher the power, higher the incentive