Govt considering termination of FAME subsidy for electric two-wheelers

The government is unlikely to continue subsidy for electric two-wheelers as the provisions for the same come to an end in a few weeks, according to a report published in The Times of India (ToI). In other words, the FAME III scheme will not be rolled out. FAME refers to Faster Adoption and Manufacturing of Electric vehicles, which the heavy industries ministry has implemented.

Earlier, the finance ministry expressed its concerns about the continuation of the scheme, now, other government departments have also agreed to North Block’s views.