Public transport permit compulsory for electric 2W,3W to get FAME-II subsidy


Public transport permit compulsory for electric 2W,3W to get FAME-II subsidy

Starting April 1, electric three-wheelers and four-wheelers will have to produce a valid permit from a government agency stating that the vehicle will be used only for public transport purposes, to avail incentives under the Rs 10,000 crore FAME India scheme. The second phase of the FAME India scheme is proposed to be implemented over a period of three years, with effect from April 1, 2019.

The scheme will support 5 lakh e-rickshaws having ex-factory price of up to Rs 5 lakh with an incentive of Rs 50,000 each. It will offer a sop of Rs 1.5 lakh each to 35,000 electric four-wheelers with an ex-factory price of up to Rs 15 lakh, with an aim to boost clean mobility in mass transport. Read more

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