India, Dec. 12 -- The Government of India has issued a release:
Under the FAME-II scheme, demand incentives were provided consumers (buyers/end users)in the form of an upfront reduction in the purchase price of hybrid and electric vehicles, whichfacilitated wider adoption. These incentives were reimbursed to the original equipmentmanufacturers (OEMs, i.e., EV manufacturers) by the Government of India. Demand incentive of Rs.6,559 crore were reimbursed to OEMs under the FAME-II Scheme which ended on 31/03/2024.
As per information from Oil Marketing Companies (IOCL, BPCL and HPCL), the number of EV charging stations sanctioned and installed in Karnataka under FAME-II Scheme is 751.
The FAME-II scheme resulted in a substantial increase in m...