Hybrid, Electric vehicles scheme: PM Modi to launch FAME II; will span 2-wheelers, 3-wheelers

Prime Minister Narendra Modi will launch on September 7 the second phase of the Faster Adoption and Manufacturing of (Strong) Hybrid and Electric vehicles (FAME) India scheme offering incentives for mass adoption of electric vehicles with an outlay of Rs 5,500 crore, officials said.

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The first phase of the scheme was initially proposed for two years till March 31, 2017 but was extended twice for six months up to March 31, 2018. The second phase of the scheme spanning five years will offer subsidy to all categories of EVs, including two-wheelers, three-wheelers and four-wheelers including taxis and electric buses used in public transportation, to promote green vehicles and check pollution.