Increase in discounts on electric vehicles..!?

Sowmiya Sriram
Increase in discounts on electric vehicles..!?
The discounts offered by companies selling electric cars and two-wheelers have increased. Due to low vehicle inventory, low prices of batteries and spare parts, and pressure from regulations promoting a green environment, the number of discounts on electric vehicles has increased. car companies including Tata and Mahindra, and two-wheeler companies including Ather and Vida, have announced various discounts on electric vehicles. For two-wheelers, 10 to 20 percent; Cars are being offered discounts of up to Rs 3 lakh.
If you buy electric two-wheelers through e-commerce company 'Flipkart', an additional discount of up to Rs 5000 is being offered. To promote electric vehicles, automobile companies are reducing their profits and offering discounts to customers. To support this, dealers are also offering some discounts. Namely, vehicle exchange discount is up to Rs 15,000 and dealer discount is between Rs 3000 and 5000. According to data from quality research firm 'ICRA', the share of electric vehicles in total vehicle sales in 2021-22 was less than 2 percent. In the same, it has increased to 5.5 percent in the current financial year. It is reported that by 2030, the share of two-wheeled electric vehicles will increase to 25 percent and the share of electric passenger cars to 15 percent.
For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

electric vehicles

Related Articles: