All vehicles which have a lithium-ion powered battery are eligible for the announced government subsidy. Given below are subsidies offered by the government. Further details regarding this can be found at your nearest Kinetic Green showroom.
Central as well as State governments have been promoting adoption of EVs by providing fiscal as well as non-fiscal incentives. Some of the incentives being provided on purchase of EVs are:
Upfront capital subsidy under FAME India Scheme Phase II
Goods & Services Tax (GST) on EVs has been reduced from 12% to 5%,
Income tax deduction can be claimed on the interest paid on loans taken for purchase of EVs.