November 27, 2022

  • Daily Motion

Joy e-bike gets 12k subsidy for school & college students

Joy e-bike gets 12k subsidy

Joy e-bike gets 12k subsidy for school & college students

To promote and encourage the growth of electric vehicles in India the state governments are announcing EV policies to offer incentives to the people. The biggest barrier to buy electric vehicles is the price and with the launch of the EV policies, the barrier seems to be filled little by little. The recent restructuring of the FAME II scheme policy is said to improve the sales of EVs in India. Let us know more about Joy e-bike gets a 12k subsidy. 

Joy e-bike gets 12k subsidy

The state governments are also announcing individual subsidies such as the recent launch of the EV policy of Gujarat is expected to help in the sales of the EVs. In that regard, the Joy e-bike has announced its approval for the subsidy program for 2021-22 by the Gujarat Energy Development Agency (GEDA).

The Joy e-bike electric two-wheelers in Gujarat are eligible under the FAME II scheme. The students from class IX to those in the colleges can avail Rs 12,000 subsidy on the ex-showroom price of four Joy-bike electric two-wheelers in Gujarat. The subsidy can be availed on these four models such as Joy e-bike Gen Next, Wolf, Glob electric scooters and an electric motorcycle Monster. The subsidy is applicable on 10,000 electric two-wheeler purchases.

Under the new Gujarat EV policy, the state government aims to strengthen the demand for battery-powered vehicles by providing buyers with incentives. There will be capital incentives for EV charging infrastructure developers as well.

  • Four-wheelers will get a subsidy of 1.5 lakh
  • The electric bike is getting a subsidy of Rs 20,000
  • The e-rikshaw will get a subsidy of Rs 50,000

The new EV policy will help at least 1.25 lakh electric two-wheelers, 75,000 e-rickshaws and 25,000 electric cars to roll out on state roads. The state-owned Energy Efficiency Services (EESL) will launch an aggregate demand for 300,000 electric three-wheelers across a variety of user segments.

Also, read related article: Gujarat government announced electric vehicle policy 2021

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