FAMEⅡ

Last Update:2022-11-28

Summary

FAME India Phase II has a total outlay of Rs 10,000 Crores over the period of three years from 1st April 2019 to 2022. ①Allocation for the scheme for 2019-20 is estimated to be at Rs 1,500-crore; Rs 5,000 crore in 2020-21 and Rs 3,500 crore in 2021-22. ②FAME-II will cover buses using EV technology; electric, plug-in hybrid and strong hybrid four wheelers; electric three-wheelers including e-rickshaws and electric two-wheelers. ③Electric two wheelers: incentives will be provided for 10 lakh registered electric two-wheelers of Rs 20,000 each. E-rickshaws: incentives to 5 lakh e-rickshaws of Rs 50,000 each. Electric four wheelers: An incentive of Rs 1.5 lakh each to 35,000 electric four-wheelers with an ex-factory price of up to Rs 15 lakh. Hybrid four wheelers: an incentive of Rs 13,000 each to 20,000 strong hybrid four-wheelers with ex-factory price of up to Rs 15 lakh. E-buses: support to 7,090 e-buses with an incentive of up to Rs 50 lakh each having an ex-factory price of up to Rs 2 crore. View Details >

Details

Country

India

Year

2018

Type

Plan/Proposal

Keywords

Subsidies,New Energy Vehicles

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