Fame-II was launched under the National Mission for Clean Mobility to generate demand for hybrid and electric vehicles.

New Delhi: The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme 2 (FAME-II) is likely to be extended by two years to 2024. Launched in April 2019, the INR 10,000-crore scheme is to be over by 2022. The government is also likely to restructure the scheme from 2024, according to a CNBC TV-18 report.

One reason for the extension and restructuring could be that only 5% or INR 500 crore of the allocated INR 10,000 crore has been spent so far.

It is reported that the Centre is planning to increase the allocation of grants for two-wheelers under the scheme by 50% to 100%. So far, the Union government has not announced any new allocation of grants and the scheme will therefore use the pending INR 9500 crore to further support demand incentives.

Fame-II was launched under the National Mission for Clean Mobility to generate demand for hybrid and electric vehicles by way of supporting 7000 e-Buses, 5 lakh e-3-wheelers, 55000 e-4-wheeler passenger cars (including strong hybrid) and 10 lakh e-2-wheelers. According to available data, so far only 76008 vehicles have been sold under the scheme.

With greater emphasis on providing affordable and environmentally friendly public transportation options for the masses, the scheme is applicable mainly to vehicles used for public transport or those registered for commercial purposes in e-3W, e-4W and e-bus segments. However, privately-owned registered e-2Ws are also covered under the scheme as a mass segment.

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