Govt extends the deadline of EV promotion scheme FAME-II as only a fraction of targets achieved so far
The Department of Heavy Industries on Friday announced the extension of the government’s flagship electric vehicles promotion scheme by a period of two years till March 2024.
The Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme, which has a financial outlay of Rs 10,000 crore to promote EVs by extending buyer subsidies, was first announced as a three-year program effective from April 2019.
The circular did not mention any change in the financial allocation to the scheme.
