Team Blitz India
NEW DELHI: With the deadline for the Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles (FAME-II) programme nearing, the Government has met 70 per cent (or 1.22 million) of the target of more than 1.74 million electric vehicles (EVs).
As monthly sales of EVs consistently surpassed 100,000 throughout 2023, the Centre is optimistic the target will be achieved before the March 31 deadline.
“Given the rapid rate of EV penetration, we are confident of achieving the target of supporting 1.74 million vehicles,” an official of the Ministry of Heavy Industries said, adding, “soon there will be no money to spend”.
As of December 26, the Government utilised 81 per cent, or Rs 8,948 crore, of the Rs 11,096 crore funds allocated under the scheme.
According to the ministry data, sourced byBusiness Standard, the highest success was witnessed in the electric bus (e-bus) segment. The government has committed itself to 94 per cent of the targeted 7,262 e-buses, with 3,620 of them already deployed.
