Summary
An inter-ministerial panel will meet today (August 23) to discuss a subsidy outlay of $570 Mn (INR 4,000 Cr) for the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME). The government’s FAME II scheme may be launched in early September.
The panel is also likely to consider inclusion of electric three-wheelers for subsidy to promote green transport in India. Earlier, FAME II was envisaged to offer subsidies only for electric buses and the setting up of charging infrastructure for all categories of vehicles.
Industry experts believe that these subsidies and the continuation of the FAME India sc......