In a move to promote the use of electric vehicles, the government has extended by six months the phase I of the FAME India Scheme (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles), a programme that extends incentives to spur purchase and usage of electric vehicles.
The Ministry of Heavy Industries and Public Enterprises in a notification said, the period of the FAME-India Scheme is further extended for a further period of six months i.e., up or till launching of Phase-II of the Scheme by Niti Aayog, whichever is earlier.”
Phase I of FAME-India Scheme was launched for a two-year period between April 1, 2015, and March 31, 2017, at an approved outlay of Rs 795 crore. The scheme was subsequently extended for six months till September 30, 2017. Under the scheme, a total of 150,550 hybrid and electric vehicles received incentives till July 26, 2017. Read More…
Latest posts by ET Energy World (see all)
- DSF Round I: India Grants 18 Oil And Gas Mining Leases Under Revamped Policy – September 22, 2017
- Four Firms Win 500MW Solar Power Supply Bid – September 21, 2017
- Powergrid Board Approves Investment For Indo-bdesh Power Link – September 21, 2017