India, Aug. 5 -- The Government of India issued the following news release:
The Ministry of Heavy Industries (MHI) has implemented following schemes to promote the electric vehicle (EV) ecosystem to ensure accessibility and affordability of EVs on pan India basis, including in rural and semi-urban areas :-
The Scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India Phase-II (FAME-II) was implemented from 01.04.2019 till 31.03.2024 with a total budgetary support of Rs.11,500 to incentivize buyers of e-2Ws, e-3Ws and e-4Ws on pan India basis.The demand incentive was provided byOriginal Equipment Manufacturer (OEMs) to buyers in the form of an upfront reduction in purchase price of EVs which is later claimed byt...