Details revealed for India’s FAME II subvention program
The second phase of India’s EV subsidisation programme has been unveiled and will only see electric vehicles subsidised, as hybrids are dropped from the programme.
The subsidisation programme was launched in 2015, and the Faster Adoption and Manufacturing of Hybrid and Electric vehicles has been re-designated to no longer address hybrid vehicles in future.
The FAME II programme has a fund of 5,500 crore INR (approximately $788 billion), and will include all types of battery-electric vehicles, from two- and three-wheelers to passenger vehicles, taxis and buses.
Paid out subsidies will range from 1,800 rupees to 29,000 rupees for two-wheelers and 3,000 to 61,000 for three-wheelers, while unspecified larger sums are being prepared for larger vehicles.
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