FAME India Phase II

In the Scheme for FAME India Phase II {S.O. No. 1300(E)} dated 8th March 2019, the following amendments are made as mentioned below:

  • Central government will procure electric buses and three-wheelers on large scale. EESL will be directed to procure three lakh electric rickshaws and has been told to aggregate demand for electric buses across nine major cities namely, Surat, Pune, Mumbai, Chennai, Ahmedabad, Hyderabad, Kolkata, Delhi and Bengaluru.
  • Earlier, subsidy rate for electric two-wheelers was Rs 10,000/kWh. It has been increased to Rs 15,000/kWh, which is nearly 40 percent of vehicle cost.
  • Maximum incentive per vehicle is proposed to be capped at certain percentage, the cap on incentives for Electric 2 Wheelers will be 40% of the cost of vehicles.

Highlights: –

  • With the recent amendments on price side and subsidies government aims to promote electric two-wheeler usage across India.
  • Reduction in price will help in EV adoption and strengthen government’s plans of making India an electric vehicle nation by 2030.