India Ends Electric Three-Wheeler Subsidies After Meeting Target, Shifts Focus
1 hour agoBusiness
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1 SourcesDelhi, India
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India Ends Electric Three-Wheeler Subsidies After Meeting Target, Shifts Focus

The Indian government has withdrawn subsidies for electric three-wheelers after meeting its target of supporting 290,000 vehicles under the PM e-Drive scheme. Officials cited the segment's maturity and significant EV sales share as reasons for the shift, with electric vehicles now comprising about 32% of three-wheeler sales. The government plans to let states lead future promotion, unlike the electric two-wheeler segment, which has lower adoption and may continue to receive central support.

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