what is FAME II scheme Electric mobility is an important part of reducing carbon emissions. The government had approved the (FAME India Phase II) scheme in 2019 to promote electric mobility in the country.
New Delhi, Auto Desk. The trend of electric vehicles in the country is increasing day by day. To promote it, the government is taking several steps so that it can be increased. Electric mobility is an important part of reducing carbon emissions, due to which the government is planning to increase EVs.
Came in 2019 to promote electric mobility in the country
It is worth mentioning that in 2019, the government had approved the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) scheme to promote electric mobility in the country.
what is fame 2 scheme
Let us tell you, the Fame 2 scheme was started to encourage electric vehicles. Under this, the government gives subsidy on buying EV. Initially the scheme was going to expire on 31st March 2022, but later its date has been further extended to 31st March 2024.
What are the advantages of FAME-II scheme
Under this scheme, two wheeler electric vehicles get 50 percent more incentive. The government is giving new incentives for two wheelers in the form of subsidy of Rs 15,000 per kWh or up to 40 per cent of the battery capacity cost of the vehicle. Apart from the central government, the state government is also giving the benefits of this scheme.
according to media reports
But now according to media reports, the government is considering the industry’s demand to allocate more funds for subsidy for electric two wheeler manufacturing under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme . The government is considering a proposal to allocate Rs 1,500 crore under this. But the decision is yet to be taken on this.