India’s government extends its Faster Adoption And Manufacturing of Hybrid & Electric Vehicles (FAME) subsidy scheme for another six months until the end of September. A relaunch as FAME 2 is currently in the making.
The government in Delhi had launched its FAME scheme in 2015 only to extend it twice, in March and September 2017. This latest extension thus comes as not much of a surprise. However, the department of heavy industries says it has prepared a draft of the second phase of the scheme, which has been sent to the finance ministry for approval.
FAME grants subsidies for all sorts of electric vehicles. Two-wheelers for example may receive 29,000 Rupien (375 euros) , while three-wheeled light electric vehicles such as rickshaws become 61,000 rupees (757 euros) cheaper. For electrified cars, India grants up to 138,000 rupees (1,785 euros).
High on the list are subsidies for the utility and public transport sector.Those buying hybrid or electric buses may claim 187,000 (2,322 euros) and up to 6.6 million rupees even (about 82,000 euros).