The Union government has modified its ambitious scheme to promote electric mobility by allotting the electric three-wheelers and buses component of the marquee Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (Fame) scheme to state-run Energy Efficiency Services Ltd (EESL).
As reported by Mint on Friday, the scheme has failed to take off, with only ₹492 crore of the ₹10,000 crore allocated under its second phase spent till March. The budgetary allocation is for three years to 31 March 2022, with the scheme administered by the department of heavy industries.
Electric vehicles are costlier than traditional vehicles with internal combustion engines. The money under Fame II is to be spent to subsidize 500,000 three-wheelers, 1 million two-wheelers, 55,000 passenger vehicles and 7,090 buses.
