Price of Electric Scooters: Due to rising prices of petrol and diesel fuel and environmental pollution, the attraction towards electric vehicles is increasing. Due to this reason and some other needs, two-wheeler electric vehicle production has started to increase.
However, a new study suggests that this growth may be stalling. According to a report by Grise, the price of electric vehicles may increase to Rs 45,000 by 2025.
At the same time, the government is encouraging the use of electric vehicles. This support is aimed at accelerating the adoption of electric vehicles and increasing production. In this regard, subsidies are given to electric vehicles by the central and state governments.
Not only government support, but also due to the economic environment, many models on sale, and the possibility of charging at home, the electric vehicle manufacturing sector is witnessing rapid growth. At present, steps are being taken to set up charging stations at public sector petrol stations on major highways across the country. Due to this, the use of electric vehicles for long-distance journeys will also increase.
Government subsidies to bridge the huge gap between the cost of traditional vehicles and the cost of electric vehicles, as well as the presence of internal combustion engines in electric vehicles, are the reasons for the increase in their production, according to the report.
Price of Electric Scooters
In fiscal 2022 and 2023, the price of an electric vehicle will be Rs. 7,500 to Rs. 9,500 less than other vehicles due to the subsidy. However, according to the schedule published by the government, this subsidy amount is stopped in the year 2023.
If the subsidy stopped, the price will go up
After the end of the subsidy for electric vehicles in 2023, their price will go up to Rs 45 thousand. According to the report, the total cost of buying an electric vehicle could increase by Rs 18,000 to Rs 20,000 in fiscal years 2023 and 2025. After the end of the subsidy scheme for electric vehicles, a subsidy for hydrogen-fueled vehicles is to give. Since hydrogen fuel production is simple, it is assumed that the reception for those vehicles will be high.