However, the scheme was extended until March 2024. The new scheme incentivises two- and three-wheelers sold post the expiry of the FAME II subsidy . Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 E Four Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e- 2 Wheelers. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India ( FAME India) Scheme Phase-II was implemented for a period of five years from 1st April, 2019 with a total budgetary support of Rs. 11,500 crore. The scheme-incentivized e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations. Under FAME India Scheme Phase-II, as on 31.12.2024, the following number of electric vehicles (EV) have been supported : - Learn how to avail FAME 2 subsidy in India, covering eligibility, benefits, subsidy amount, and the complete process to claim incentives for electric vehicles.
