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Detailed explanation-1: -Parliamentary panel urges govt to frame a comprehensive national EV policy, extend FAME-II incentives by 2 years-The Hindu BusinessLine.
Detailed explanation-2: -Under the FAME scheme launched in 2019, electric two-wheelers get a subsidy of up to ₹60, 000, electric three-wheelers get a subsidy of ₹1, 00, 000. Recently, a parliamentary committee recommended an extension of the FAME scheme to further enhance EV penetration in the country.
Detailed explanation-3: -The recent amendment in the FAME II policy was the subsidy being brought down from ₹15, 000 per kWh to ₹10, 000 per kWh. The subsidy has been capped at 15 per cent of the vehicle’s ex-factory pricing.
Detailed explanation-4: -Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II), is a scheme launched by the Government of India to give a boost to development of Electric Vehicles.