More than 7.4 lakh EVs supported under FAME Scheme phase-2

New Delhi, Dec 13 (KNN) Total 7,45,713 Electric Vehicles (EVs) have been supported till December 7, 2022 under Phase-II of FAME India Scheme by way of Demand Incentive amounting to about Rs 3,200 crore. 

This has been informed by the Union Minister of State for Heavy Industries, Krishan Pal Gurjar in a written reply in Lok Sabha on Tuesday.

Further, MHI has sanctioned 6315 e-buses to 65 cities/STUs/CTUs/ State government entities for intracity and intercity operations across 26 states/UT under the Scheme. 

The Government notified Phase-II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme for a period of five years commencing from April 1, 2019 with a total budgetary support of Rs 10,000 crore.  

This phase mainly focuses on supporting electrification of public & shared transportation and aims to support through demand incentive 7090 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers. 

Under this scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles.   (KNN Bureau)