• Login
AutoEVTimes
  • Home
  • News
    • India EV News
    • International EV News
    • Latest EVs India
    • Latest EVs International
    • Policy
  • EV Tech
    • Autonomous Driving
    • Battery Technology
    • Charging Station
    • Drive Systems
  • EV Products
    • ADAS
    • Automotive Lighting
    • Automotive Motors
  • Editor’s Desk
    • Research
    • Interview
    • Articles
    • Startup
    • Events
No Result
View All Result
HealthNews
No Result
View All Result
Home News India EV News

FAME-III EV Subsidy Scheme Expected by Mid-September for Festive Surge

Persistent Bottleneck in FAME-III EV Subsidy Scheme Challenges with Vehicle Registration and Subsidy Distribution

AutoEV Times by AutoEV Times
September 3, 2024
in India EV News, News
0
FAME-III EV Subsidy Scheme
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

The third version of India’s popular EV subsidy program, which increased the country’s adoption of electric vehicles and made it the third-largest automotive market in the world, is probably going to be announced by mid-September

According to persons with knowledge of the situation who spoke with NDTV Profit, the government-backed initiative “Faster Adoption and Manufacturing of (Hybrid) Electric Vehicles in India” is about to return for a third time. They refrained from revealing the scheme’s entire cost.

It is reported that all parties involved, including the Finance Ministry, NITI Aayog, Union Ministry of Heavy Industries, and auto industry lobbyists, are essentially in agreement. Nevertheless, the aforementioned sources stated that there is still a significant backlog in the registration of electric cars and the distribution of incentives.

The entire cost of the five-year FAME-II program through Fiscal 2024 was Rs 11,500. The programme was extended for a further four months under the Electric Mobility Promotion Scheme 2024, following its expiration on March 31, 2024, at a cost of Rs 500 crore.

13,21,800 EVs have been subsidized overall under the FAME-II program in FY20–24.

Tags: electric mobilityelectric vehiclesEV newsev times newsFAME-IIFAME-III EV Subsidy SchemeNITI Aayog
Previous Post

IIIT-Bangalore & Greendzine Tech sign MoU for joint R&D on Robotic Picker Project

Next Post

Saera Electric Auto Ltd. sets growth targets for FY 2024, expands dealer network across India

AutoEV Times

AutoEV Times

Next Post
Saera FY 2024

Saera Electric Auto Ltd. sets growth targets for FY 2024, expands dealer network across India

Recommended Stories

Mobec Leads with New Circular Economy

Mobec Leads with New Circular Economy Approach

November 13, 2024
Wardwizard fleet

Wardwizard Expands Electric Fleet with 400 E2Ws Across Key Indian Cities

March 28, 2025
BYD

BYD in Indian tax crosshairs over alleged underpayment

August 2, 2023

Popular Stories

  • Patanjali EV

    Patanjali Enters EV Market with Affordable Electric Scooter

    0 shares
    Share 0 Tweet 0
  • Ola Launches S1 X Scooters with 190km Range, Warranty

    0 shares
    Share 0 Tweet 0
  • Maruti Suzuki Unveils Alto Electric at ₹4 Lakh, Promises 560km Range

    0 shares
    Share 0 Tweet 0
  • The Electric Version of the Thar SUV, the Mahindra Thar.e Vision, was Unveiled in Cape Town

    0 shares
    Share 0 Tweet 0
  • Vaisala Leverages Weather Data to Enhance Electric Vehicle Range

    0 shares
    Share 0 Tweet 0
AutoEVTimes

AutoEV Times provides the latest Electric Vehicles News, EV Business, EV Products etc from around the world.

Recent Posts

  • Yulu Announces Arrival in Chandigarh Tricity
  • EV Battery Prices Drop 20% in 2024, Reaching Historic Low
  • India’s New EV Policy Offers Duty Cuts to Attract Global Manufacturers

Categories

  • ADAS
  • Articles
  • Automotive Electronics
  • Automotive Lighting
  • Automotive Motors
  • Autonomous Driving
  • Battery Technology
  • Charging Station
  • Drive Systems
  • EV Products
  • EV Tech
  • India EV News
  • International EV News
  • Interview
  • Latest EVs India
  • Latest EVs International
  • News
  • Policy
  • Research
  • Road Safety
  • Startup
  • Uncategorized
  • Contact Us
  • Events
  • Front
  • Guest Post Guidelines
  • Home
  • Privacy Policy
  • Sample Page
  • Terms of Service

© 2016 - 2024 AutoEV Times | All Rights Reserved.

No Result
View All Result
  • Contact Us
  • Events
  • Front
  • Guest Post Guidelines
  • Home
  • Privacy Policy
  • Sample Page
  • Terms of Service

© 2016 - 2024 AutoEV Times | All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In