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Rs 26,400 cr on the cards for FAME-III, Rs 200 cr to support e-tractors

Further discussions on basic contours of scheme are currently ongoing. Focus of proposed scheme will clearly be on enhancing electric-based and environment-friendly public transportation in country

electric vehicle
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Surajeet Das Gupta New Delhi
The ministry of heavy industries is working on broad contours of the third phase of Faster Adoption and Manufacturing of Electric Vehicles or FAME-III. Based on discussions with stakeholders, the ministry is proposing to allocate Rs 26,400 crore for FAME-III subsidy alone with electric two wheelers getting around Rs 8,158 crore, electric buses Rs 9,600 crore and electric three-wheelers Rs 4,100 crore, according to sources in the know. Along with some other components like setting up an innovation fund and money for testing , the total allocation could cross Rs 33,000 crore, estimates suggest.

Further discussions on the basic contours

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