New Delhi: If you want to buy an electric scooter (E vehicle) or moped but are bothered by its high price and wait for the price to come down, you may be in trouble. Because there is no possibility that the prices of electric scooters or mopeds will decrease, but it may happen that the prices of electric scooters and mopeds will increase. Yes, Indian government is going to take some decision due to which e-vehicles may become expensive.
Electric two-wheeler buyers may be in for a big hit in the near future. From electric scooters to bikes, all these purchases are going to be expensive. A plan is being made to reduce the subsidy for electric two-wheelers from 40 percent to 15 percent. For this, the Industries Ministry has sent a recommendation to a high-level inter-ministerial panel which will take the final decision. If the decision is taken to reduce the subsidy, the price of electric two-wheelers will increase.
According to a report, the subsidy for electric two-wheelers may be reduced from 40 percent to 15 percent. The government is doing this to increase the prevalence of two-wheelers as well as fund more vehicles from the available funds. In addition, part of the subsidy allocation for three wheelers lying unused (the amount not distributed) will also be used for two wheelers. If the proposal gets the green light, it will have a direct impact on the pockets of electric vehicle buyers and may increase the cost per unit.
A senior government official said the total fund allocation for electric two-wheelers under the second phase of FAME India is Rs. 1,000 crore using unutilized funds to increase to Rs. 3,500 crore is planned.
The report quoted an official as saying, “If the government continues the per-unit subsidy at the current level, the funds available for electric two-wheelers will run out in the next two months even after increasing the stipulated amount, so this decision must be taken.”
The official further said that even after reducing the subsidy percentage, sales of one million electric two-wheelers by February 2024 will not be affected. The officials claimed that the government’s decision does not expect to affect the demand for vehicles.