FAME-II EV Crackdown 2025: How India’s EV Subsidy Reset Shook the Two-Wheeler Market
Introduction: A Shockwave Across the EV Sector The Indian electric vehicle (EV) revolution hit an unexpected bump in 2025. The government’s sudden and strict crackdown on non-compliance with the FAME-II subsidy scheme sent shockwaves through the two-wheeler industry. Overnight, sales plummeted, startups collapsed, and the once-crowded EV market began to shrink. The move, although controversial,…