India on track to sell 1 million e-bikes in 2023
The government of India has been working to promote the adoption of electric vehicles in the country,
and the FAME II program is a key part of this effort. The program provides subsidies for the purchase of electric vehicles, including electric two-wheelers. The government has already allocated 564,000 subsidies for electric two-wheelers, and it is working to expand this by another half a million. This would bring the total number of electric two-wheelers that could be subsidized under FAME II to 1 million.
The FAME II program has been successful in stimulating the demand for electric two-wheelers in India. In the first year of the program, sales of electric two-wheelers increased by 250%. The government hopes that the program will continue to help to grow the electric vehicle market in India.
Here are some of the benefits of electric two-wheelers:
- They are more environmentally friendly than petrol or diesel vehicles.
- They are cheaper to operate than petrol or diesel vehicles.
- They have lower maintenance costs than petrol or diesel vehicles.
If you are considering buying an electric two-wheeler, you may be eligible for a subsidy under the FAME II program. You can check the eligibility criteria and apply for the subsidy on the website of the Ministry of Heavy Industries.
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