FAME II subsidies: As per the revised outlay, electric two-wheelers, electric three-wheelers, and electric four-wheelers are eligible to avail of subsidies to the tune of Rs 7,048 crore.
Govt changes key scheme parameter before it is going to end on 31 March and it is possible that manufacturers may have to go for a downward revision in the subsidies they can offer per vehicle.
To give a further push to clean mobility in the country, the Ministry of Heavy Industries has announced that the outlay of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme has been enhanced from Rs 10,000 crore to Rs 11,500 crore, an official statement said.
As per the revised outlay, electric two-wheelers, electric three-wheelers, and electric four-wheelers are eligible to avail of subsidies to the tune of Rs 7,048 crore.
Fame Scheme: Subsidies for electric two, three, and four wheelers has been revised to INR 7, 048 crore, of which INR 5,311 crore is for electric two-wheelers. An allocation of INR 4,048 crore has been made for purchasing electric buses and setting up electric vehicle (EV) charging stations.