Electric 2-wheelers may see end of subsidy soon
The subsidy for electric two-wheelers is expected to end in a few weeks as the government is not keen on introducing the third phase of Faster Adoption and Manufacturing of Electric Vehicles or FAME III, a scheme being pushed by the heavy industries ministry in the wake of demand from domestic producers. While the finance ministry had opposed the plan, other wings of the government also see merit in North Block's reluctance. As the government had reduced the subsidy earlier this year, the demand for electric two-wheelers had come down but now it seems to be stabilising.
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