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In November 2010, the Government of India (GoI), through the Ministry of New and Renewable Energy (MNRE), announced a subsidy of ₹950 million for electric vehicles. The subsidy provided benefits up to 20% on the ex-factory price, with a maximum benefit of ₹100,000 on electric cars, ₹4,000 on two-wheelers, ₹5,000 on high speed two ...
The government introduced its Go Electric campaign in early 2021 to encourage the adoption of electric mobility vehicles and electric cooking appliances and to ensure energy security. Road Transport and Highways Minister Nitin Gadkari launched the campaign, saying that Go Electric is a future for India which will promote low-cost ...
Urea subsidy CS MoCF: 1977 Subsidy The first urea subsidy scheme was in 1977 in the form of Retention Price cum Subsidy scheme (RPS). From ₹ 4,389 crore (US$2.51 billion) in 1990 to ₹ 75,849 crore (US$17.43 billion) in 2008. As %ofGDP this is an increase from 0.8% to 1.5%.
After two years of market research, the first prototype of Okinawa's electric scooter was tested for 25,000 km on different road conditions across India. In May 2019 Okinawa became the first company to get the FAME-II [7] subsidy on its iPraise [8] and Ridge+ models, [9] both of which feature lithium-ion battries.
Even if merit subsidies are set aside, the remaining subsidies alone amount to 10.7% of GDP, comprising 3.8% and 6.9% of GDP, pertaining to Centre and State subsidies respectively. The average all-India recovery rate for these non-merit goods/services is just 10.3%, implying a subsidy rate of almost 90%.
As of November 2020, the number of electric scooters in China had reached around 300 million, with annual sales of more than 30 million units. [80] There were only 31,338 electric scooter sales outside the Asia-Pacific region including Europe. The US market is comparatively small, with an estimated 2,000 sold in 2012. [81]
A DTC AC CNG Bus A DTC Non-AC CNG Bus. The Delhi Transport Corporation (DTC) is a public sector passenger road transport corporation that manages bus services in Delhi, India.It was incorporated in November 1971 as a wholly-owned corporation of the Government of India to provide an efficient, economical and properly coordinated road transport service in Delhi.
In 2023, for instance, Paris banned free floating e-scooters [24] due to complaints around “reckless driving” and “clutter on sidewalks”. To make the ridesharing service accessible and affordable for the price sensitive Indian market, Yulu tied up with city and Metro authorities in Bengaluru, Delhi and Mumbai to set up parking and ...