The Ministry of Heavy Industries, Government of India, has announced a significant boost for clean mobility by enhancing the scheme outlay of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India Scheme Phase II. The scheme’s outlay has been increased from ₹10,000 crore to ₹11,500 crore.
The revised allocation for subsidies and grants is detailed as follows:
| Category | Revised Outlay (Rs. Crore) |
|---|---|
| e-2W | 5,311 |
| e-3W | 987 |
| e-4W | 750 |
| Total for Subsidies (A) | 7,048 |
| e-Buses | 3,209 |
| EV PCS | 839 |
| Grants for Capital Assets (B) | 4,048 |
| Others (C) | 404 |
| Total (A+B+C) | 11,500 |
This enhancement aims to promote the adoption of electric two-wheelers (e-2W), electric three-wheelers (e-3W), electric four-wheelers (e-4W), e-Buses, and Electric Vehicle Public Charging Stations (EV PCS). The increased allocation demonstrates the government’s commitment to supporting the transition to electric mobility.
It’s important to note that the scheme is fund and term-limited. Subsidies for demand incentives will be applicable to e-2W, e-3W, and e-4W sold until March 31, 2024, or until funds are exhausted, whichever comes earlier.
This move aligns with the government’s ongoing efforts to encourage the widespread adoption of electric vehicles and strengthen the infrastructure for clean transportation.
