Two-wheeler electric vehicles may become expensive as government plans to cut FAME II subsidy2 min read 18 May 2023, 11:09 AM IST
FAME scheme was introduced in the year 2019, for a period of three years. It was eventually extended for a period of two years up to March 31, 2024.
Two-wheeler electric vehciles offered by Ola, Ather and others may cost more in the country soon. The Heavy Industries Ministry is reportedly planning to increase the outlay for e-two-wheelers from the current level of ₹2,000 crore under its flagship FAME-II scheme and reduce the subsidy per vehicle.
Select your Category