The Ministry of Finance has questioned the proposal to continue subsidies for electric vehicles in the country under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme beyond the current fiscal year, The Economic Times (ET) has reported. Earlier, the heavy industries ministry proposed extending the subsidies for electric vehicles (EVs) under FAME III with a higher allocation for five more years to support the growth of electric and alternate fuel vehicles.
The ET report cited government officials as saying that major electric two-wheeler manufacturers in the country that benefitted the most from FAME I and II schemes do not need any more support from the government.
