The Centre on Friday (13 April) decided to extend its FAME – Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles – scheme by another six months or till the second phase of the scheme is in place, reports Mint. The Department of Heavy Industries (DHI), Ministry of Heavy Industries and Public Enterprise has prepared a draft and sent it to the Ministry of Finance for approval.
The second phase of the subsidy programme for electric vehicles (EVs) and hybrid EVs (HEVs) is expected to provide more exemptions to vehicular components and also accord a higher priority to vehicles for public transport.
Originally launched in 2015, FAME was to run for two years till 2017, but got two extensions to run till March this year. Looking to boost the number of EVs used in public transit, the ministry in December launched a pilot programme to provide subsidies in 11 cities.
Under the pilot programme for public transport, 60 per cent subsidy would be given to buses, 20 per cent to three-wheelers and 10 per cent to four-wheelers while 10 per cent would be spent on charging infrastructure.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.