Electric Vehicle News Society of Manufacturers of Electric Vehicles (SMEV) has urged the government to impose an additional green tax on two-wheelers with | BLiTZ
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The Central government has revised, from June 1, the FAME II subsidy scheme for two-wheelers as manufacturers were not adhering to the localisation norms
Get latest articles and stories on Latest News at LatestLY. Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1. Latest News | TVS, Ather, Ola Hike Prices of Electric Two-wheelers as New Subsidy Norms Kick in.
However, players say the segment should learn to live independent of subsidies. They point out that customers are now increasingly opting for EVs over ICE vehicles.