look news india
New Delhi Electric Vehicle buyers are going to get a big shock in the near future. The government on Thursday said it has not extended the second phase of FAME, the flagship scheme to promote electric vehicles, beyond March 31. Let us know the complete news.
FAME-2 scheme will end!
The Ministry of Heavy Industries has denied the claim of extending the time period of FAME-2 scheme in the media report. The report claims that the Center has temporarily extended the scheme for four months till July 31 at a cost of Rs 500 crore.
This scheme will continue till 31 March 2024
The Ministry of Heavy Industries had last month said that the subsidy under the second phase of the FAME scheme will be available for e-vehicles sold till March 31, 2024 or till the funds are available. The ministry said the outlay for the Accelerating Adoption and Manufacturing of Electric Vehicles in India (FAME-2) program has been increased from Rs 10,000 crore to Rs 11,500 crore.
so much money found in different parts
The ministry said in the statement that the second phase of the flagship scheme to promote EV adoption in India is limited in terms of funding and duration. As per the revised cost, electric two-wheelers, electric three-wheelers and four-wheelers are eligible for a subsidy of Rs 7,048 crore. Additionally, Rs 4,048 crore has been allocated as grants for construction of capital assets, while Rs 400 crore has been kept under other categories.