Govt cuts subsidy on electric 2-wheelers
Facts for Prelims (FFP) Source: ET Context: The government has decided to reduce the subsidy provided under the FAME-II scheme for electric two-wheelers starting in June. Ministry of Heavy Industries notified changes: The subsidy for electric two-wheelers would be reduced to ₹10,000 per kilowatt hour (kWh) effective 1 June 2023 from ₹15,000 currently. The …