India extends EV subsidies with revised allocations
Subsidy window extended but funding reduced for some segments
Change
India extended subsidies for electric two-wheelers to July 31, 2026 and for e-rickshaws to March 31, 2028 while cutting allocation for e-rickshaw support.
Why it matters
The scheme imposes tighter funding constraints, requiring faster adoption to secure incentives before funds are exhausted.
Implications
- — Manufacturers must accelerate sales — funding window limited
- — Projects risk losing subsidies — financial planning impacted
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