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How Much Discount Does The Govt Give on Electric Vehicles? Learn in Simple Words

 
How Much Discount Does The Govt Give on Electric Vehicles

Electric Vehicles: In today's era, the way the prices of petrol and diesel are skyrocketing. In view of this, many countries of the world are rapidly shifting towards electric vehicles. So that they can get rid of problems like petrol and diesel, they have to import crude oils especially in India. On which a large part of India's foreign exchange is spent on crude oils.

In such a situation, the Government of India is working on this. The more electric vehicles there are in the market, the less the dependence on crude oil. For this, many types of discounts are given on electric vehicles by the Government of India. Today we are going to know about the same in simple words.

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Fame Subsidy 2

First of all let's know. What is fame subsidy? Earlier, fame subsidy was Rs 1. In which the amount of subsidy was more. But due to some efforts, that amount has been reduced and recently Fame Subsidy 2 has been introduced by the Government of India. How much amount is available under this subsidy? Know about it.

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Under this new FAME subsidy, a rebate of ₹ 10,000 per kwh of capacity is given by the Government of India. That is, if you buy an electric scooter. And its battery capacity is 3kwh. So on this you get a rebate of full ₹ 30,000 from the government.

What was the provision in Fame Subsidy 1

Before the implementation of Fame Subsidy 2, Fame Subsidy 1 was given by the Government of India. But due to some reasons, this subsidy was amended and the amount was reduced. But we know. After all, how much amount was given under the fame subsidy given earlier. So according to this, a discount of ₹ 15000 was available per kwh battery capacity in electric scooters. Along with this, subsidy of about 40% was available on the total cost of the electric vehicle. But Fame Subsidy 2 was implemented from June 1, 2023.

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Advantages of electric vehicle

Many types of subsidies are given by the government to increase the prevalence of electric vehicles among the people. So that more and more customers get attracted towards these vehicles. Many benefits can be seen simultaneously from an electric vehicle. In which the first thing is. There is no need to spend on fuel at all.

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A huge amount is required at the time of purchasing it. After that you can easily charge it at home and run it. There is no pollution of any kind through electric vehicles. Due to which our environment is safe to a great extent.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: October 1, 2023

Posted By Rahul Bhardwaj

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