subsidy is mainly given to encourage car and bike manufacturers to produce more electric cars so that people can buy more and more electric vehicles.
We tell you how the government subsidizes electric cars because they are more efficient than gasoline vehicles such as petrol and diesel. The subsidy is determined at the prices set by the Government of India.
We tell you how the government subsidizes electric cars because they are more efficient than gasoline vehicles such as petrol and diesel. The subsidy is determined at the prices set by the Government of India.
A subsidy of up to Rs 1.5 lakh can be availed for those buying an electric car. For those who set up charging stations in their homes or offices, a subsidy of up to Rs 50,000 is available.
To apply for an EV subsidy, you need to submit an application form and a bank guarantee letter along with the VIN of the car. You will also need to provide proof of ownership of the vehicle and a bill of sale.
The electric scooter has also become a topic of complete discussion these days. Electric scooters are popular in India as they are more economical than cars.
For example, if you buy an electric vehicle with a battery capacity of 50 kWh, you will get Rs 40000 per year (Rs 20000 for new cars) and Rs 5000 per year. In this way, you can apply for a vehicle subsidy.
The subsidy amount varies depending on the model of the electric scooter and the region where it is purchased. The subsidy amount can go up to Rs 6,000 for a secondhand and Rs 12,000 for a new electric scooter.