Government is Providing Rs 5,500 Subsidy To First 10,000 E-Cycle Buyers

The Delhi government would grant a Rs 5,000 subsidy to the city's first 10,000 e-cycle buyers, according to Delhi transport minister Kailash Gahlot. He also mentioned that the first 1,000 buyers of passenger e-cycles will also receive a Rs 2,000 subsidy.

According to him, the government would also provide a subsidy for the purchase of heavy-duty cargo e-cycles and e-carts for business usage. The first 5,000 customers will receive a Rs 15,000 subsidy on cargo e-cycles.

Previously, the subsidy was only available to individual buyers of e-carts, but now a firm or corporate house purchasing these e-vehicles would also receive a Rs 30,000 subsidy, he added.

Gahlot stated that the subsidy scheme will only be available to Delhi residents.

According to the minister, there are already 45,900 e-vehicles on city roads, with 36 percent of them being two-wheelers. In Delhi, the ratio of e-vehicles in total registered vehicles has surpassed 12%, he noted.

Previously, the Indian government had announced the revised FAME II subsidy. The government was looking to include E- bicycles under the FAME-2 subsidy scheme seeing its growing popularity & the need to bring down its cost for customers. The purview of the FAME-2 scheme includes electric two-wheelers, three-wheelers, four-wheelers, passenger vehicles and goods vehicles. But then the idea was to subsidize the entire range of e-vehicles.

The fresh inclusion of e bicycles under this scheme would make the FAME-2 (Faster Adoption and Manufacturing of Hybrid & EV) scheme all-encompassing covering the entire range of electric vehicles being