In June 2021, the Ministry of Heavy Industries increased the subsidy for electric two-wheelers to ______ per kWh under the FAME India Scheme Phase II.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹15,000.
- The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20% of the cost of vehicle.
- Further, the incentive/ subsidies for e-2W has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of vehicle w.e.f. 11th June, 2021.