Centre’s FAME-II scheme for EVs far away from its destination


Synopsis

The Phase II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India scheme has a budget of ₹8,596 crore for giving subsidies alone, but just ₹77.3 crore, or less than 1%, of that was spent till the end of September.

Mumbai: The central government’s scheme to promote electric vehicles (EVs) through direct subsidies has attained just a tiny portion of its target half way through the three-year programme.The number of vehicles subsidised from April 2019 till the end of last month was fewer than 2% of the target for the scheme period, government data showed. The Phase II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India scheme has a

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