NEW DELHI: The Union Cabinet is likely to consider approval of the second phase of FAME India scheme this month to boost clean mobility, with an outlay of Rs 5,500 crore spanning five years, officials said.
The scheme in its second phase will offer a bouquet of incentives, such as exemption from paying road tax, registration fee and parking charges for various categories of electric and strong hybrid vehicles.
However, no target has been set for electric vehicle (EV) sales to be achieved over the five-year period of the scheme’s implementation. Instead, the scheme will focus on boosting demand for EVs and creating the charging infrastructure, said a senior government official.
