Govt of India to give Rs.10,000 Crores subsidy on new electric vehicles (26/31)

Government of India, as part of clean fuel drive would offer Rs.2.5 Lac subsidy for 60,000 new electric cars to be bought in next 3 years.

It would also provide Rs.20,000 subsidy for new 20,000 hybrid cars as well. The subsidy comes into effect from 1st April, 2019.

The total ‘green stimulus’ is worth Rs.10,000 Crores.

A lot of fund in this package are meant for electric two and three-wheeler vehicles and buses, e-rickshaw used for public transport.