Electric two-wheeler sales get recharged as subsidy cut pain eases

In a promising development for the country’s electric vehicles (EV) industry, the adverse effects of the cut in subsidy provided under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme seem to be receding. The average daily sales of electric two-wheelers (e2W) have increased around 100 per cent in the first 17 days of July over the same period last month.

According to data from the VAHAN portal of the Ministry of Road Transport and Highways (MoRTH), the average daily sales of e2Ws in the first 17 days of July surged to 1,702 units, against the average daily sales of 852 units in the corresponding period of June. A total of 28,937 units of e2W were sold