Stories about the Mobility Revolution

Rs 5,500 crore FAME II finalised; all EVs to get subsidy support

August 24, 2018

An inter-ministerial panel today finalised the roadmap for the second phase of FAME India scheme with an outlay of around Rs 5,500 crore spanning over five years and subsidy support for all types of electric vehicles. The panel decided to offer subsidy to all categories of electric vehicles, including two-wheelers, three- wheelers and four-wheelers, to promote green vehicles and check pollution. Under the scheme, depending on technology, battery-operated scooters and motorcycles are eligible for incentives ranging between Rs 1,800 to Rs 29,000, while in three-wheelers it is between Rs 3,300 and Rs 61,000.