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Electric two-wheeler manufacturers gets Less incentives in FAME-II

Updated: May 27, 2019

Electric two-wheeler manufacturers reportedly voiced their concerns about achieving India’s E-mobility dream after the central government reduced incentives for the vehicles under the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme.



The city-speed electric two-wheelers, i.e. vehicles with speed 40 km per hour, range 60 km, battery 1 kWh, were provided with INR 22K under FAME I but this has been reduced to INR 10K per kWh for all vehicles except buses.

After a long debate and discussion, the central government had finally released the second phase of FAME policy with an outlay of INR 10,000 Cr to be invested over a period of three years.

Under this scheme, the government proposed to support 10 lakh two-wheelers, 5 lakh three-wheelers, 55K four-wheelers, and 7K buses, that has lithium-ion batteries or newer technology batteries fitted on it.

#electrictwowheelers #fameII #lessincentive #liionbatteries

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