How much subsidy on electric two-wheeler in India?

Author: Ingrid

Mar. 26, 2024

### How much subsidy on electric two-wheeler in India?

In India, the government provides a subsidy of up to ₹15,000 on the purchase of electric two-wheelers.

### What are the eligibility criteria for availing the subsidy on electric two-wheelers in India?

How much subsidy on electric two-wheeler in India?

To avail the subsidy on electric two-wheelers in India, the following eligibility criteria must be met:

- The two-wheeler must be powered by a lithium-ion battery.

- The vehicle must be registered and used for personal purposes.

- The maximum ex-factory price of the two-wheeler should not exceed ₹1.5 lakh.

- The subsidy is available to both individuals and institutional buyers.

- The purchase must be made from an approved manufacturer or dealer.

### How does one claim the subsidy on electric two-wheelers in India?

To claim the subsidy on electric two-wheelers in India, the following steps need to be followed:

- Purchase an eligible electric two-wheeler from a recognized manufacturer or dealer.

- Submit the necessary documents, including proof of purchase and vehicle registration, to the relevant authority.

- The subsidy amount will be directly credited to the bank account of the purchaser.

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### What are the benefits of the subsidy on electric two-wheelers in India?

The subsidy on electric two-wheelers in India has several benefits:

- Encourages the adoption of eco-friendly vehicles, reducing pollution and dependence on fossil fuels.

- Makes electric two-wheelers more affordable for the general public, promoting sustainable transportation options.

- Contributes to the government's goal of reducing carbon emissions and combating climate change.

- Boosts the growth of the electric vehicle industry in India, creating job opportunities and driving innovation in the sector.

### Are there any limitations or restrictions associated with the subsidy on electric two-wheelers in India?

While the subsidy on electric two-wheelers in India provides various benefits, there are also some limitations and restrictions:

- The subsidy amount is subject to availability of funds allocated by the government.

- The subsidy may be limited to a certain number of units or a specific period, depending on government policies.

- Only electric two-wheelers meeting the specified criteria are eligible for the subsidy.

- The subsidy scheme may be revised or discontinued based on changing government priorities and budget allocations.

Overall, the subsidy on electric two-wheelers in India plays a vital role in promoting sustainable mobility and reducing environmental impact.

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