Electric two-wheelers are driving the EV revolution in India. Cumulative sales of electric vehicles (EVs) in India crossed the one-million milestone for the first time in 2022-23. Two-wheelers accounted for more than 60% of all EV sales with an increase of 183% over 2021-22. A major reason for the rise in electric two-wheeler sales is subsidies.
Now the government is slashing these subsidies and the makers of electric two-wheelers see it as a regressive step which will drag India’s EV revolution, which is led by two-wheelers.
The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was launched in April 2015 under the National Electric Mobility Mission, to encourage electric and hybrid vehicle purchase by providing subsidies.
