The National Automotive Board (heavyindustries.gov.in) has developed a funding scheme for e-buses and other electric commercial vehicles. This scheme is implemented via subsidies provided directly to cities by the government. In addition to subsidies, various state-level and city-level subsidies and tax exemptions exist to make electric vehicles (EVs) cost effective. We will assess the economic viability of EVs, considering social, economic, and environmental indicators, to assess value for money for public support.