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6h ago

RBI Says State Subsidies Fuel Stronger Two-Wheeler EV Adoption

An RBI analysis finds top-up subsidies with robust charging networks drive faster 2W‑EV uptake across states.

Two-Wheelers EV
Image
EV Two-Wheelers | Image: ANI

Overview

  • In the September 2023 quarter, six states offering only tax and registration waivers saw a 24% quarter-on-quarter drop in 2W‑EV adoption, versus a 17% decline in 17 states that added top-up subsidies.
  • The findings indicate state support cushioned the impact of reduced central incentives under the FAME II scheme.
  • Southern and Western states that moved early on EV policies have maintained adoption above the national average, while Northern and Eastern states continue to lag.
  • Karnataka, Goa, Maharashtra, Delhi, and Haryana rank among the top five for charging infrastructure strength.
  • Several states, including Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, and Kerala, offer 25%–60% capital subsidies for charging equipment, and Delhi provides a 100% grant.