Is There A Subsidy For Electric Bikes In India?

AMO Electric Bikes

 


Electric vehicles are the future of India. Even if it is less expensive than gasoline vehicles, price is still a factor. In this situation, a government subsidy for electric vehicles becomes critical for the smooth movement of the EV market in India. And yes, there is a subsidy on Electric Bikes and scooters and cars, but it varies state-wise. 

As part of the FAME-II scheme, the Central Government offers a variety of benefits. Aside from the FAME-II subsidy, each state has several policies in place to ensure that the cost of electric two-wheelers is decreased. When it comes to providing benefits for electric vehicles, each state has its own set of rules.

Different states provide subsidies for electric two-wheelers based on the size of the lithium-ion batteries. Delhi currently receives the biggest subsidy, followed by Maharashtra.

State-wise subsidy on electric bikes and scooters:


1.     Delhi

Consumers can get a subsidy of Rs 5,000/kWh of battery capacity up to Rs 30,000 for e-bikes, as well as registration and road tax exemption. Consumers who want to buy a four-wheeler can get a subsidy of Rs 10,000/kWh of battery capacity up to Rs 1.5 lakh, plus registration and road tax deductions. 

2.             Maharashtra 

Road taxas well as registration charges are relinquished for all EVs. The first 1 lakh Electric Scooty buyers in this state are eligible for a Rs 5,000/kWh of battery capacity incentive, with fa cap amount of Rs 10,000. E-bikes that were purchased before December 31, 2021, were granted an early bird bonus of up to Rs 15,000 (with a 3kWh battery). 

3.                Telangana 

The EV policy was implemented in the state of Telangana in 2020. All types of electric vehicles are eligible for a 100% registration and road tax exemption. Subsidies, on the other hand, are not being offered. The state administration is studying the reframed FAME scheme as well as other states' programmes. 

4.                Karnataka 

Apart from the FAME subsidy from the federal government, Karnataka does not provide any direct incentives to electric vehicle owners. However, this does not diminish Karnataka's importance in comparison to the other states on this list. This is due to Karnataka's EV policy, which provides subsidies and exemptions to EV manufacturers. Karnataka has also exempted EVs from paying road tax and registration fees. 

5.                Andhra Pradesh

Andhra Pradesh, like Karnataka, does not provide any direct subsidies to EV buyers. All eco-friendly automobiles registered in the state, however, are exempted from paying road tax and registration fees.

6.                Gujarat

Gujarat has the largest subsidy of all the states, at Rs.10,000/kWh. The maximum subsidy available for purchasing an Electric Scooter is Rs.20,000. While the state government has not issued a road tax exemption for electric vehicles, it has announced a registration fee exemption.

7.                Odisha

The government of Odisha has provided a 15% subsidy on the purchase of electric automobiles (EVs). The subsidy for two-wheelers is 15% of the vehicle's cost, up to a maximum of Rs 5,000.

8.                Meghalaya

At Rs.10,000 per kWh, Meghalaya has the highest subsidy of all the states. A maximum subsidy of Rs.20,000 is provided for the purchase of an Electric Scooty. These vehicles are also exempted from paying registration charges and road tax. 

AMO Mobility Solutions cutting-edge and highly efficient Electric Bikes and E Scooty are available with subsidized prices at many tier 2 and tier 3 cities of India. You should check their latest two-wheeler EVs in the nearest AMO dealers, which are also listed on their website amomobility.com.

 


Final takeaway:

State-specific electric vehicle policies are implemented for a period of four to five years from the date of notice and can only be used to subsidise a limited number of electric vehicles including scooters. Most Indian states have decided to allocate subsidies for electric two-wheelers based on the size of their lithium-ion battery packs. The incentive is computed on the basis of 'per kWh of battery capacity.'

You can also visit at:- https://electricbikesinindia.medium.com/how-amo-electric-bikes-and-scooters-is-affordable-for-you-2ba7ca9b051b

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