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Centre could extend Fame II incentive scheme for purchase of personal electric cars, e-cycles: Report

Centre could extend Fame II incentive scheme for purchase of personal electric cars, e-cycles: Report

Zee News
Sunday, September 26, 2021 04:53:49 PM UTC

Fame II scheme currently covers only electric two-wheelers, three wheelers, four-wheeled passenger vehicles and goods carrying vehicles. 

New Delhi: In what may come as a boon for people aspiring to ride on their own electric vehicles, the government is looking to extend the provisions of its subsidy scheme FAME II to the buyers of passenger cars meant for personal use.

Government sources said that they were also looking at including electric bicycles under the capital subsidy scheme seeing its growing popularity and the need to bring down its cost for customers.

The fresh inclusions would make the running Fame II or Faster Adoption and Manufacturing of Hybrid and EV scheme all encompassing covering the entire range of electric vehicles being used both for personal and commercial use and public transport.

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