A report by Indian analytical firm Crisil says that the adoption of electric two-wheelers is witnessing a strong upsurge, due to which electric scooters are also likely to be costlier by Rs 45,000 in FY2025. The report says, and it is fair to all, that in the recent past, there has been a continuous launch of new electric two-wheeler models in India as well as improving home charging infrastructure, which has led to a huge jump in EV sales. is getting.
The report states that after the deadline for FAME I was over, the government introduced the FAME II subsidy, whose deadline is March 2024. Meanwhile, in June last year, the government increased the two-wheeler subsidy from 10,000 kWh to 15,000 kWh. The report says that from then onwards the subsidy will be available in the form of PLI (Production Linked Incentive).
Also read: Electric Scooters May Get Costlier by Rs. 45,000 in India as FAME Incentives Taper Off: Crisil
The report further states that in the 12-month period (January-December) in 2021, the total sales of electric two-wheelers, including high-speed and low-speed, grew by 132 percent compared to the same year 2020. However, the report also pointed out that such massive subsidies in EV sales, especially under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy, are being implemented by the National Electric Mobility Mission Plan and by various states. driven by subsidies.
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Crisil data suggests that the sales of electric two-wheelers will grow more rapidly in the coming few years, due to which the FAME II subsidy may end by FY 2023. The report says that by FY 2025, electric scooters could cost up to Rs 45,000, if the benefits of the FAME II subsidy, which lasted till FY2023, are seen.<!–
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