New Delhi: The much-awaited faster adoption and manufacturing of (hybrid) electric vehicles (FAME) II scheme may be soon a reality, as the Union Cabinet is likely to clear a Rs 10,000-crore plan on this respect Thursday.
According to a top official source, the much-delayed FAME-II will be for a period of three years instead of five years as envisaged earlier, and for passenger electric cars, the subsidy will be available only for taxi aggregators. “The Rs 10,000-crore support will be used for subsidies on electric busses, passenger cars to be used by taxi aggregators, three-wheelers and two-wheelers,” the source said.
