The subsidy was not meant to be there for ever. The EV 2 wheelers have to stand on their own. The Govt has done its job of supporting for last 5 years.
This is known to all.players. So every company has action plan of reducing cost. Economy of scale also plays a major role in cost reduction.
2 wheeler scooter by now is becoming a matured product which would grow on its own. Every player has a EV scooter and that would continue to drive the market.
When CNG buses were introduced , govt gave a subsidy for 5 years and thereafter CNG as a product well received by the market and it is growing in leaps and bounds along with CGD.
in a similar fashion EV 2 wheelers will grow along with charging infrastructure
| Subscribe To Our Free Newsletter |
