Is a controversial subsidy scheme setting India's EV dreams on fire?
Finshots Daily
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Fame 2 Subsidy Scheme: A Guide to Getting Started
The government wants to electrify 80% of 2 wheelers and 30% of private cars on roads in India by 2030. In 2015, it came up with a pilot subsidy scheme worth 895 crore rupees called Fame for private EVs. Four years later, it rolled out the second phase that also spread its wings over public transport at an estimated cost of about 10,000 crore rupees. Although their initial plan was to extend it over three years, Fame 2 continues to stay till FY24. And as of now, nearly 1,500 crore rupees worth of subsidies remain in limbo.
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