Govt Incentivizes 16 Lakh EVs Under FAME-II

New Delhi: A total of 16.15 lakh electric vehicles (EVs) have been incentivised under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India)-II scheme, the government said on Thursday.

It includes 14.27 lakh electric two-wheelers (e-2Ws), 1.59 lakh e-3Ws, 22,548 e-4Ws and 5,131 e-buses. Additionally, 10,985 EV public charging stations (PCS) have been sanctioned, with 8,812 allocated for installation.

As of October 31, 2024, a total of Rs8,844 crore has been spent, including Rs6,577 crore for subsidies, Rs2,244 crore for capital assets, and Rs23 crore for other expenses, according to Ministry of Heavy Industries.