Electric Scooter Government Subsidy
Electric Scooter Government Subsidy The use of electric scooters is on the rise and it’s not just because these vehicles are environmentally friendly. They’re also inexpensive, quick, and easy to use. You can hop on one and dart around town for errands or commute to work. The only two downsides to electric scooters are their limited range and high cost. But there may be a solution coming soon: government subsidy. It would allow people to buy an electric scooter at a discounted rate and charge them less for each ride made.
Electric Scooter Government Subsidy
If you are looking to buy an electric scooter, then the government subsidy for such vehicles will help you pay for it. According to the release from the state government, you can get a discount of up to Rs 30,000 for buying an electric scooter. The subsidies will be credited to your dealer’s account. The amount of subsidy will depend on the type of electric scooter you have bought. There are some regions that offer the maximum subsidies for EVs.
The subsidy will be credited to the purchase price. In Delhi, you will receive up to Rs 15,850 in government subsidies. In Rajasthan, you can get a maximum of Rs. 10000 as a subsidy. In Maharashtra, you can avail a maximum of Rs. 15000 in electric scooter subsidy. If you buy the scooter before the end of December 2020, you will be able to get an additional subsidy of Rs 15,000 from the government.
As of now, the subsidy for electric scooters and motorcycles with a battery capacity of two to four kWh is available. But these incentives are not applicable to electric cars and SUVs, as the limit is Rs. 1.5 lakh. Thus, if you are looking to buy an electric scooter, you should hurry up and grab it now. It’s not difficult to avail of this subsidy if you have the money to buy one.
For now, the subsidies are only applicable to EVs with a battery capacity of two to four kWh. The subsidies for a three-wheeler will be available in phases. The maximum amount of subsidies for an electric scooter will be Rs. 15000. If you buy an electric motorcycle, you’ll get an additional subsidy of up to Rs. 50,000 if you purchase it before the end of the year 2021.
The electric scooter government subsidy in Delhi ranges from Rs. 14,900 to Rs. 19,850, and is worth more than Rs. 10,000 in other states. In Maharashtra, the govt. will give you an additional Rs. 15,000 if you buy an Ola electric scooter before the end of December 2021. The incentive for a new electric scooter depends on several factors. You need to know that a high-cost electric scooter may not be affordable for you.
For a two-wheeler, the government will offer a subsidy of up to Rs. 5,000 for each kWh of battery capacity. This is a generous incentive compared to petrol and diesel. Also, the government will provide tax breaks of up to Rs. 1.5 lakh to the first 10000 buyers. There are many other benefits to buying an electric scooter. The maximum subsidy for an electric scooter will be approximately Rs. 15000.
The government has already subsidized all-electric scooters sold in India, allowing them to have the same battery capacity as a gas or diesel vehicle. In addition, the subsidy can also be obtained through rebate schemes and special offers from government organizations. Further, the subsidy will be given for a maximum of two kWh. Further, the incentives are also applicable to three-wheelers and cars. If you want to purchase an electric car, you can expect to get an incentive of up to Rs.1.5 lakh.
The subsidy for an electric scooter is Rs.5,000 for a two-kWh battery capacity, which is more than enough to run a small city on electricity. An electric motorcycle with a higher battery capacity can even get an additional Rs.10,000 in state government incentives. For the most part, EVs are cheaper in a few states than in others. In Maharashtra, the subsidy on an EV is around Rs.2.500 a kWh and can be financed by the manufacturer.
Moreover, the government has also offered substantial incentives for electric vehicles. The 5% GST rate applied on an EV is lower than the tax burden for petrol or diesel. The subsidy is a great incentive for consumers, and it will save the government money in the long run. The electric scooter government subsidy is an added bonus for all-electric scooter buyers. It is a way to encourage EVs and help people with rising fuel prices.
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