Electric vehicles (EVs) aren’t just a green choice—they’re also a smart financial one, thanks to a growing number of government incentives and state-level subsidies that make owning an electric scooter more affordable than ever. Whether you’re a student, a daily commuter, or a small business owner, buying a PEV Electric scooter comes with substantial savings and long-term benefits.
In this blog, we’ll break down the various subsidies available in India—and how PEV Electric helps you make the most of them.
1. What Is the FAME II Scheme?
The FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme was launched by the Government of India to encourage EV adoption. The current phase—FAME II—provides subsidies to reduce the upfront cost of electric vehicles.
For electric scooters, the government offers:
● ₹10,000 per kWh of battery capacity as subsidy
● A maximum incentive of ₹20,000 per two-wheeler
PEV Electric scooters are FAME II compliant, which means you are eligible to receive the maximum subsidy amount depending on the model you choose.
2. State-Level Incentives: Benefits for Uttar Pradesh Buyers
Being based in Bulandshahr, Uttar Pradesh, PEV Electric is closely aligned with the Uttar Pradesh Electric Vehicle Policy, which offers additional benefits such as:
● 100% road tax exemption on electric scooters
● Registration fee waivers
● Special incentives for early adopters and first-time EV buyers
● Interest-free loans or lower-interest EMIs in partnership with local financial institutions
These benefits drastically reduce your scooter’s total cost of ownership and make PEV Electric scooters one of the most value-for-money EV options in India.
3. Subsidy Example: How Much Can You Save?
Let’s say you’re purchasing a PEV Electric scooter with a 2.5 kWh battery:
● FAME II Subsidy: ₹10,000 x 2.5 = ₹25,000
● UP Road Tax Exemption: ₹4,000 (approx.)
● Registration Fee Waiver: ₹1,500 (approx.)
Total Savings: Over ₹30,000!
That’s a massive discount on a premium electric vehicle, making it even more affordable than many petrol scooters over 1–2 years of ownership.
4. How PEV Electric Helps You Access Subsidies Easily
We’ve simplified the process of subsidy application for our buyers:
● We apply the FAME II subsidy directly to your purchase at our dealership
● Our sales and service staff in Bulandshahr help you navigate registration and paperwork for state-level benefits
● We offer on-the-spot financing with banks and NBFCs that support EV loans
We believe in transparency and ease—you focus on riding, we handle the rest.
5. Long-Term Cost Advantage of Owning an EV
Beyond the initial savings from subsidies, electric scooters offer exceptional long-term cost advantages:
● 80% lower running costs than petrol scooters
● Minimal servicing and maintenance expenses
● No engine oil, spark plugs, or exhaust repairs
In just two years, PEV Electric scooter owners can save over ₹50,000 compared to fuel-based scooter owners.
Final Words: Green Is Smart, and Affordable
Electric mobility isn’t just about saving the environment—it’s also about saving your wallet. With central and state governments offering generous subsidies, there’s never been a better time to make the switch.
At PEV Electric, we’re committed to making that switch smooth, affordable, and rewarding. From our Bulandshahr factory to roads across India, we’re driving the change—one electric ride at a time.
Visit your nearest dealer or contact our support team to learn about model-wise subsidy availability today.
