Electric 2-wheelers to get costlier from June 1 as subsidy slashed

Electric two-wheelers are expected to become costlier from June 1 this year as the government has slashed the subsidy under the FAME 2 scheme. The government has dropped the subsidy on electric two-wheelers to ₹10,000/kWh from the existing ₹15,000/kWh. The maximum subsidy cap has been reduced from 40% to 15% of the ex-factory pricing of eligible vehicles.