Will the latest government move kill India's nascent EV boom?
The government is slashing these subsidies and the makers of electric two-wheelers see it as a regressive step which will drag India's EV revolution, which is led by two-wheelers. The share of electric vehicles in total vehicle sales in India is currently around 5%. The government target for EV sales by 2030 is 30% of private cars, 70% for commercial vehicles and 80% for two- and three-wheelers.
Tags : FAME India electric scooters India electric vehicle incentive government subsidy on electric vehicles kabra electric vehicles sohinder gill society of manufacturers of electric vehicles
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