Rs 5,500cr FAME II finalised; all EVs to get subsidy support
Rs 5,500cr FAME II finalised; all EVs to get subsidy support
An inter-ministerial panel today finalised the roadmap for the second phase of FAME India scheme with an outlay of around Rs 5,500 crore spanning over five years and subsidy support for all types of electric vehicles, official sources said.
The panel decided to offer subsidy to all categories of electric vehicles, including two-wheelers, three-wheelers and four-wheelers, to promote green vehicles and check pollution, they said.
"Incentives will be provided on purchase of two-wheelers as well as three-wheelers and four-wheelers including taxis and electric buses used in public transport to check pollution. However, strong hybrid vehicles will not be entitled to sops anymore," a government official told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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