MHI disbursed Rs 5,283 crore to support 11.75 lakh EVs under FAME 2 scheme
The Ministry of Heavy Industries (MHI) has already disbursed Rs 5,283 crore to electric vehicle manufacturers on sale of 11,75,888 units till December 8, 2023 stated Krishan Pal Gurjar, in a written reply in Lok Sabha.
The Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme was introduced for a period of 5-years starting from April 1, 2019 with a total budgetary support of Rs 10,000 crore. It mainly focused on supporting electrification of public and shared transportation, and aims to support through demand incentive 7,090 e-buses, 5 lakh e-three-wheelers, 55,000 e-passenger cars and 10 lakh e-two-wheelers. In addition, creation of charging infrastructure is also supported under the Scheme.
