India Dealt A Blow To Its Best-Selling Electric Vehicle. But All Is Not Lost

India’s new policy to boost cleaner transport is expected to hurt demand for e-scooters, the most-selling electric vehicle, even as carmakers don’t see the shift to shared mobility causing any change in their plan.

A two-wheeler sold with a lead-acid battery will no longer be eligible for benefits worth around Rs 9,000 under the Faster Adoption and Manufacturing of Electric (and hybrid) Vehicles or FAME II scheme, according to a report by Crisil. The subsidy on lithium-ion battery-powered scooter too has been lowered to less than half, the report said.

Source: bloombergquint