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MRR Journal

Abstract

Indian Journal of Modern Research and Reviews, 2026; 4(2): 294-297

The Impact of Government Policies and Subsidies on Electric Vehicle Purchase Decision in Madhya Pradesh with reference to Indore City

Author Name: Robin Neema, Dr. S.M. Anas Iqbal

1. Research Scholar, Devi Ahilya Vishwavidyalaya, Indore, Madhya Pradesh, India

2. Professor & Director (Academics), Vishisht School of Management, Indore, Madhya Pradesh, India

Abstract

<p>India has emerged as one of the fastest-growing markets for electric vehicles (EVs) globally, with subsidies playing a central role in this transition. The provision of EV subsidies in India has been instrumental in making electric mobility more accessible, reducing reliance on fossil fuels, and lowering carbon emissions. Backed by robust government policies, these financial incentives not only stimulate consumer adoption but also motivate manufacturers to pursue technological innovation. In the absence of such supportive measures, achieving India&rsquo;s ambitious objective of becoming a global leader in electric mobility would be significantly more difficult. The presented research paper has been conducted to know the awareness among people in Indore, Madhya Pradesh, about government policies and subsidies on EVs. The presented research study is based on primary and secondary data sources.</p>

Keywords

EV. Subsidies, Government, Schemes, Battery, Hybrid FAME.