India’s EV adoption in 2-wheelers happening fast, but future growth depends on govt incentives: Bajaj Auto execs – EQ Mag
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New Delhi : Adoption of electric mobility in the two-wheeler segment is happening at a faster pace in India than elsewhere, supported by a favourable policy environment, but the rate of growth going ahead will depend on the continuation of incentives by the central and state governments, executives at Bajaj Auto said.
Bajaj Auto executive director Rakesh Sharma said the government has extended several incentives, ranging from a lower GST rate of 5% on electric vehicles (compared with 28% on two-wheelers with an internal combustion engine) to support under the FAME II (Faster Adoption and Manufacturing of Electric Vehicles) scheme, to the segment.
Source: PTI
