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Higher subsidy under FAME II to be key in adoption of EVs, say makers


Electric two-wheeler makers on Saturday termed as a phenomenal move by the government to increase subsidy for such vehicles by 50 per cent under the FAME II scheme saying it would be a game changer in the adoption of eco-friendly vehicles.
The government on Friday made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II), including increasing the demand incentive for electric two-wheelers to Rs 15,000 per KWh from the earlier uniform subsidy of Rs 10,000 per KWh for all EVs, including plug in hybrids and strong hybrids except buses. ....

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