ICRA expects 6-8% penetration for E-2Ws, 14-16% for E-3Ws by FY2025
ICRA highlighted that the initial purchase cost of an e-2W is anticipated to be around 10% higher without the FAME-II subsidy, making e-2Ws more than 70% costlier than their petrol counterparts.
Tags : icra shamsher dewan dewan ministry of heavy industries new delhi production linked incentive india EVs E-2Ws E-3Ws
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