Nearly 80% of targetted 1 mn e-two-wheelers sponsored under FAME so far

In the eleven months of FY23, some 649,000 E2Ws were sold at an average of 59,000 units a month. E2W made up more than 60% of the overall 1.04 million EVs sold so far

The Centre’s flagship electric vehicles (EV) promotion scheme — Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) — has so far disbursed subsidies to around 80 per cent electric two-wheelers of the set target under the scheme. 

The government had set a target of supporting one million two-wheelers under the scheme by March 2024.

According to data from the ministry of heavy industries, 792,529 vehicles have been sold under the scheme till February 15, 2023. The government aims to support the remaining 200,000 vehicles within the stipulated time.

“Our electric two-wheeler sales would cross 800,000 this financial year. Given