Authorities clears stand on FAME 2, know what’s going to occur to EV market after March 31

The central authorities had earlier launched the FAME 1 scheme to advertise electrical autos within the nation.

Fame 2 Scheme: 36 days after the presentation of the 2024 interim price range, the central authorities has made its stand clear concerning the Fame 2 subsidy on electrical autos. After this choice of the federal government, it’ll have a huge impact on the individuals shopping for electrical two-wheelers and 4 wheelers. In case you are additionally planning to purchase an electrical automobile, then you should purchase the electrical automobile earlier than March 31, 2024.

Allow us to let you know that the federal government had began FAME-1 and FAME-2 subsidies to advertise electrical autos within the nation. Wherein a subsidy of Rs 15 thousand is accessible per kilowatt battery on electrical automobile. However after the latest stand of the federal government, it’ll have a huge impact on the consumers of electrical two-wheelers and four-wheelers.

Central authorities took this stand on Fame-2

learn this additionally

The Central Authorities has put an finish to the rumors occurring within the media about growing the Fame 2 Scheme. The federal government has made it clear that individuals is not going to get the good thing about Fame 2 subsidy after March 31. It was clarified by the Heavy Business Ministry {that a} subsidy of Rs 10 thousand crore was stored within the Fame 2 scheme, which was elevated to Rs 11,500 crore.

Additionally, it was clarified by the Heavy Business Ministry that restricted time and restricted price range was fastened within the FAME 2 scheme to advertise electrical autos in India. Whose deadline goes to be accomplished on thirty first March 2024.

Low cost on electrical autos in Fame 2

To advertise electrical autos within the nation, the Central Authorities had first began the FAME 1 scheme, which was later expanded underneath the identify of FAME 2 scheme. On this scheme, subsidy is given by the Central Authorities and State Authorities on the acquisition of electrical two-wheeler and electrical four-wheeler autos. Allow us to let you know that the automobile purchaser will get the direct advantage of this subsidy.