In Short : The Indian government has extended subsidies for electric vehicles under the FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme to Rs 11,500 crore until the end of March or until funds are available. This move aims to incentivize the adoption of electric vehicles and support the […]
Companies that come clean will soon get incentives under FAME-II – EQ Mag
The government is committed to accelerating the transition to e-mobility and will release stalled incentives to all electric two-wheeler manufacturers that receive a clean chit in ongoing investigations over the next few weeks, a senior government official said. The government will continue to support industry stakeholders to shift to clean mobility as long as they […]
Electric 2-wheeler companies hit a Rs 1,000 crore bump – EQ Mag
Sales and production of electric two-wheelers are set to take a hit just when the demand was rising, with the government stalling subsidy disbursal amounting to Rs.1,000 crore to half a dozen companies including Hero Electric and Okinawa Autotech. Subsidy payments were to be made under FAME-II (Faster Adoption and Manufacturing of Electric Vehicles) initiative, […]
This Govt Company Will Buy 1 Lakh Electric Vehicles By Spending Rs 3000 Crore! – EQ Mag Pro
The central government wants to convert 60 lakh three-wheelers to electric cars (EVs). The step is towards the goal of turning 30% of all road wheels to electric by 2030. The central government wants to convert 60 lakh three-wheelers to electric cars (EVs). Also India’s electric vehicle sales are on the mend, as the country […]
More Electric Vehicles Hit the Road in 7 Months Than All of Last Year
The inflection point is the price parity between EV and conventional engine vehicles, the recent government incentives and the falling battery prices, which is working in favour of EVs; the tide is clearly turning towards EVs, says the CEO Electric vehicle (EV) adoption is gaining traction in the country with more vehicles sold in the […]
Incentives, FAME-II Subsidy May Cut EV Prices by Rs 30,000: ICRA
Under the policy, a demand incentive of Rs 10,000 per kWh is being provided by the state government for e2W, e3W and e4W over and above any subsidies available from the central government. New Delhi: Incentives under the Gujarat government’s electric vehicle (EV) policy, coupled with enhanced subsidy under the Centre’s FAME-II scheme, will lead […]
Niti Aayog suggests govt to provide incentives on EV purchase apart from subsidy under FAME-II
New Delhi : Government think-tank Niti Aayog has said the government should provide incentives on electric vehicle (EV) purchase over and above the existing subsidy under the Faster Adoption and Manufacturing of Hybrid and EV (FAME-II) scheme. The Niti Aayog in its status quo analysis of electric mobility in India also said the government should […]
SMEV hails govt’s decision to extend FAME II certificate validity
Originally, manufacturers were required to submit re-validation certificates for availing of demand incentives under FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme New Delhi: Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday welcomed the government’s move to extend the validity of the FAME II certification for one year. The Department of […]
BMTC Floats Tender For Supply of 300 Electric buses on GCC model
BMTC Floats Tender For Supply of 300 Electric buses on GCC model Selection of Service Provider for Procurement, Operation and Maintenance of 300 Non AC Electric buses on Gross Cost Contract(GCC) model under FAME-II Scheme The last date to submit the bids is February 26, 2021 For more information please see below link:
FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy
The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022. NEW DELHI : FAME-II scheme, the programme meant to promote electric vehicles in […]