Government launched PM E-Drive subsidy scheme, 24.79 lakh EVs will get subsidy
The government will provide assistance of Rs 10900 crore for two years to accelerate the adoption of electric vehicles. The subsidy for EV two-wheelers has been fixed at Rs 5000 per kilowatt hour based on battery power. Under this scheme, 24.79 lakh electric two-wheelers, 3.16 lakh electric three-wheelers, and 14028 e-bus vehicles will get subsidies. A mobile app will be introduced to make the entire process seamless.
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