Govt may offer ₹1.4L subsidy for each electric car

by Automotive | 25-08-2018 | 4324 views

The government has decided to offer a direct subsidy of ₹1.4 lakh for each electric vehicle, according to reports. According to reports, the subsidy will be linked to the size of the battery with each kilowatt hour (KwH) capacity earning a subsidy of Rs 10,000. This means existing electric cars, which come with a battery capacity of 14 KwH will be entitled to Rs 1.4 lakh subsidy while two-wheelers that come with 2 KwH battery will get Rs 20,000 as subsidy. Similarly, three-wheelers can get a subsidy of up to Rs 45,000.

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