Latest update on Subsidy On Electric Scooter In India 2023. Welcome to Amol Blog, we will break down Fame 2 and Fame 1 subsidies on your EV scooter.
Typically State and centre Governments of India provide a subsidy for an Electric vehicle battery capacity if you EV have a 1 kWh Lithium-ion Battery so Center Government of India provides a fame 2 subsidy of ₹10,000 per kWh and some State Government fame 1 subsidy of ₹5,000, So if your EV has 1 kWh battery then you will gate ₹10,000 Fame 2 Subsidy and ₹5,000* Fame 2 Subsidy because of Government want to reduce oil dependency.
Total Fame 1 & Fame 2 Subsidy On Top EV Scooter
In India, if you buy a first-time EV or EV scooter then you are illegible for an EV Fame 2 Center Government of India Subsidy but Fame 1 subsidy depends on your state government then you have below 3 scenarios.
- Scenario 1: Eligible for Fame 1 and 2
- Fame 2 ₹10,000 per kWh.
- Fame 1 ₹5,000 per kWh.
- Total: ₹15,000 per kWh.
- Scenario 2: Eligible for only Fame 2
- Fame 2 ₹10,000 per kWh.
- Fame 1 ₹0 per kWh.
- Total: ₹10,000 per kWh.
- Scenario 3: Not Eligible for Fame 2 and 1
- Fame 2 ₹0 per kWh.
- Fame 1 ₹0 per kWh.
- Total: ₹0 per kWh.
Subsidy On Ola S1 Pro
- Fame 2 Government Subsidy: ₹39600.
- Fame 1 Government Subsidy: ₹19800.
- Total Subsidy: ₹59400.
| Fame 2 Subidy on 1 kWh | ₹10,000 |
| Fame 1 Subidy on 1 kWh | ₹5,000 |
| Total Fame 2 + Fame 1 | ₹15,000 |
| Ola S1 Pro Battery capacity | 3.97 kWh |
| Fame 2 Subsidy | ₹39,600 |
| Fame 1 Subsidy | ₹19,800 |
| Total | ₹59,400 |
Subsidy On Ola S1
- Fame 2 Government Subsidy: ₹29700
- Fame 1 Government Subsidy: ₹14850
- Total Subsidy: ₹44550
| Fame 2 Subidy on 1 kWh | ₹10,000 |
| Fame 1 Subidy on 1 kWh | ₹5,000 |
| Total Fame 2 + Fame 1 | ₹15,000 |
| Ola S1 Battery capacity | 2.97 kWh |
| Fame 2 Subsidy | ₹29,700 |
| Fame 1 Subsidy | ₹14,850 |
| Total | ₹44,550 |
Subsidy On Ola S1 Air
- Fame 2 Government Subsidy: ₹25000
- Fame 1 Government Subsidy: ₹12500
- Total Subsidy: ₹37500
| Fame 2 Subidy on 1 kWh | ₹10,000 |
| Fame 1 Subidy on 1 kWh | ₹5,000 |
| Total Fame 2 + Fame 1 | ₹15,000 |
| Ola S1 Air Battery capacity | 2.5 kWh |
| Fame 2 Subsidy | ₹25,000 |
| Fame 1 Subsidy | ₹12,500 |
| Total | ₹37,550 |
What is an EV Subsidy?
A subsidy is financial assistance provided by the Centre and State government to support a EV industry or product. In the case of electric scooters, subsidies can take various forms, such as tax credits, grants, or direct financial assistance to manufacturers or consumers. The goal of these subsidies is to make electric scooters more affordable, thus encouraging more people to switch from oil vehicles to electric scooters.
How do Subsidies on Electric Scooters Work?
Subsidies on electric scooters can work in several ways, depending on the specific program and the Centre and State government in which it is implemented. Some States offer tax credits or rebates to consumers who purchase an electric scooter, and some States while others provide direct financial assistance to manufacturers to reduce the cost of production, Some state governments may also offer grants to encourage the development of new technologies and to help manufacturers transition to electric scooters.
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Please Note: The information regarding subsidies on electric scooters provided in this article is for informational purposes only and should not be relied upon as professional advice. Please check with your local government for the most up-to-date and accurate information on available subsidies and requirements.