Government declares 1.5 lacs subsidy in FAME-II

Updated: May 27, 2019

Government is promoting electric vehicle at a good pace and to maintain that pace they are continuously working on the subsidies that will attract a local buyer.

so In the near future you can avail benefits of upto Rs 1.5 lakh, but there is a catch. The government has capped the incentives for only the first 35,000 cars and they cannot have a factory price of more than Rs 15 lakh. This will limit the benefits to cars such as the Tata Tigor EV , the e2oPlus and the Mahindra E-Verito currently on sale. Sadly though, other upcoming premium EVs such as the Hyundai Kona Electric, MG EZS and the Nissan Leaf will not be eligible for any incentives under FAME-II as they all are likely to cost well above the Rs 15 lakh upper limit.

The government has also announced incentives for hybrids of up to Rs 13,000. Here too, the vehicle cost should not be greater than Rs 15 lakh for customers to avail the benefits, and it is also noteworthy that the benefits will only be available on strong hybrids, which eliminates all mild hybrids like the Ciaz, Ertiga and the S-Cross from Maruti. Also, the cheapest strong hybrid available in India is the recently launched Toyota Camry hybrid which is priced at Rs 36.95 lakh (ex-showroom), followed by the Honda Accord (Rs 43.21 lakh ex-showroom). Reportedly, the benefits for hybrids will be limited to just 20,000 cars under the three year period allocated for the scheme.

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