A. The subsidy applicable on electric vehicles is based on vehicle segment and budget allocation under the Policy. For instance, an electric two-wheeler with ex-factory price of INR. 1 lakh shall be applicable for INR. 5,000 subsidy.
| Sr. No. |
Vehicle Segment |
Applicable incentive |
| 1 |
2-Wheeler EV |
15% of ex-factory cost up to Rs 5000 per vehicle subject to maximum budget outlay of Rs 100 Cr to maximum of 2 lac EVs |
| 2 |
4-Wheeler EV |
15% of ex-factory cost up to Rs 1 lakh per vehicle subject to maximum budget outlay of Rs 250 Cr to maximum of 25000 EVs |
| 3 |
E-buses (non-govt., i.e. School buses, ambulances etc) |
15% of ex-factory cost up to Rs 20 lakh per vehicle subject to maximum budget outlay of Rs 80 Cr to maximum of 400 E-Buses |
| 4 |
E-Goods Carriers |
10% of ex-factory cost up to Rs 1,00,000 per vehicle subject to maximum budget outlay of Rs 10 Cr to maximum of 1000 E-Goods Carriers |