India Ends Electric Three-Wheeler Subsidies
Automobiles
- 6 month, 25 days ago
The Government of India has discontinued central subsidies for electric three-wheelers under the FAME II scheme, claims a report by the Times of India, citing officials. The Government determined that adoption targets outlined under the PM-E Drive programme have been met, which then led to the end of purchase-linked incentives that had supported sales of battery-electric three-wheelers nationwide.The move follows a review by central authorities, which concluded that electric three-wheelers had achieved sufficient market penetration across passenger and goods applications, reducing the need for continued direct financial support to stimulate demand in the segment.
