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Government of India's Fem-2 (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme is going to be implemented in the country from 1 April 2019. An amount of Rs 10,000 crore has been earmarked under the Fame-2 scheme, which is divided into various automotive sectors, including electric cars, hybrid cars, electric buses, electric two-wheelers and e-rickshaws.
Under the Fame-2 scheme, 35,000 electric cars priced up to 15 lakhs will be given an incentive of up to Rs 1.5 lakhs. The amount was up to a maximum of Rs 1.38 lakh under the Fame-1 scheme. At the same time, this amount will be up to Rs 13,000 on hybrid cars. The government had also announced an incentive of Rs 13,000 on herbrid cars in the Fame-1 scheme, but was later discontinued. According to the news agency PTI report, this amount will be available only on 20,000 hybrid cars valued at Rs 15 lakh. Thank You