According to sources, the FAME-II scheme is aslo likely to be extended by two years to 2024.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.

New Delhi: In a partial modification of the FAME-II scheme (Faster Adoption and manufacturing of electric vehicles in India) under the National Mission for Clean mobility, the govt has decided to for aggregation of electric buses and 3wheelers.

It has notified that it will go for aggregation via EESL to bring down the cost of electric 3 Wheelers to that of ICE-3 Wheelers. EESL will aggregate demand for three lakh electric 3Ws and will also iron out the details regarding the scheme.

For electric buses, EESL will generate demand in 9 cities with over 4 million-plus population like Delhi, Mumbai, Bangalore, Hyderabad, Ahmedabad, Kolkata, Chennai, Surat and Pune.

Centre modifies FAME-II; EESL to aggregate electric buses and 3 wheelers – ET Auto
In the electric 2wheelers segment, the demand incentive has been raised to INR 15000/Kwh with a cap of 40% of the cost of the vehicle.

According to sources, the FAME-II scheme is aslo likely to be extended by two years to 2024.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.

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.

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.

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