The scheme was redesigned in June based on experience particularly during the COVID-19 pandemic and feedback from industry and users.
The redesigned scheme aims at faster proliferation of electric vehicles by lowering the upfront costs. “After remodelling of FAME II in June 2021 sale of electric two wheelers has increased to over 5,000 per week from 700 per week before remodelling,” the ministry said in a statement.
It added that in 2021 so far, total 1.4 lakh electric vehicles (1.19 lakh electric two wheelers, 20.42 K electric three wheelers and 580 electric four wheelers) have been incentivized up to 16 December, 2021 amounting to incentive of about Rs 500 crore under Phase-11 of FAME.
Total 1.85 lakh EVs have been incentivized under FAME II till now, it said.