The Union Government has prepared the first draft of the third phase of the FAME or Faster Adoption and Manufacturing of Electric Vehicles Scheme. The government is considering a Rs 40,000-Rs 50,000 crore outlay for FAME-III, after consultations with industry and inter-ministerial discussions.
The government is likely to extend FAME subsidy support to electric trucks, bicycles and quadricycles, in addition to electric two-wheelers, three-wheelers, cars and buses. A substantial allocation could be made to support electric buses and charging infrastructure.
The FAME scheme was launched in 2015 to subsidise electric vehicles. It had two phases: the first one started with around Rs 800 crore but later increased by Rs 100 crore to about Rs 900 crore, and the second one had Rs 10,000 crore. Over 8.7 lakh vehicles have been subsidised under the FAME II scheme in the last four years. According to a government reply in parliament, there are a total of 28.3 lakh electric vehicles in the country
Covered By: Mobility India / Electric Vehicle
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