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India's electric two-wheeler sales hit a speed bump

India's subsidy reductions has put the brakes on electric scooter sales, derailing the nation's ambitious plans for a thriving EV market. ....

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India's electric two-wheeler sales hit a speed bump

In India’s bustling streets, where two-wheelers are seen as the primary mode of transportation, a powerful shift toward electrification is happening. Electric scooter sales have taken a hit, and the blame falls squarely on the recent reduction of government subsidies. In May, the Indian government revised its incentive scheme called Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles, commonly called FAME-II, and reduced subsidies to $122 (10,000 Indian rupees) per kWh of battery capacity, with a maximum cap of 15% of the ex-factory vehicle price. ....

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CBO, Ather Energy says EV consumers need more choice and industry more competition

Along with the high initial cost of EVs, the general perception about impediments to increased adoption of EVs are travel range and inadequate charging infrastructure. Click here to know more. ....

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