How government policies and incentives are boosting the EV two-wheeler market in India

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The story "How government policies and incentives are boosting the EV two-wheeler market in India" was covered 11 hours ago by YourStory, a news publisher based in India.

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How government policies and incentives are boosting the EV two-wheeler market in India - YourStory

Quick Summary:

Government policies such as FAME, PLI, and EMPS 2024 have a crucial role in generating awareness among people leading to a rise in the adoption rate of electric two-wheelers.

An IEA report says around 1.3 million electric two-wheelers were sold in India in 2023, accounting for 5% of total sales.

Despite facing all these challenges, the future outlook for EV two-wheelers in India looks bright, especially with the ongoing support of government policies.