Deadline nearing, 70% of FAME target met, 1.22 mn vehicles supported so far
With the deadline for the Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles (FAME-II) programme nearing, the government has met 70 per cent (or 1.22 million) of the target of more than 1.74 million electric vehicles (EVs) since the launch of the scheme in March 2019.
As monthly sales of EVs consistently surpassed 100,000 throughout 2023, the Centre is optimistic the target will be achieved before the March 31 deadline.
“Given the rapid rate of EV penetration, we are confident of achieving the target of supporting 1.74 million vehicles,” an official of the Ministry of Heavy Industries said, adding, “soon there will be no money to spend”.
