July 26, 2024 5:54 PM

Govt unveils comprehensive measures to boost electric vehicle adoption in India

In a recent Rajya Sabha session, Bhupathiraju Srinivasa Varma, Minister of State for Steel and Heavy Industries, clarified that the FAME-India Scheme phase-II does not provide direct incentives to electric vehicle manufacturers. Instead, the scheme focuses on consumer benefits. The FAME II scheme, launched in 2019 with an initial budget of Rs 10,000 crore and later supplemented with an additional Rs 1,500 crore, aims to accelerate the adoption of electric vehicles in India. As of March 30, 2024...