Business Standard

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

Electric vehicles, EVs, Electric car
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The new scheme is expected to introduce e-ambulances and e-trucks, with more than Rs 200 crore allocated for each.

Nitin Kumar New Delhi

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A meeting of the Union Cabinet is on Wednesday expected to approve a new scheme for promoting electric vehicles (EVs), 'Business Standard' has learnt from sources.

A budget of Rs 10,900 crore is likely to be sanctioned for the new scheme, according to the sources. The scheme will replace the previous Faster Adoption and Manufacturing of Electric Vehicles (FAME), which was introduced in 2015 with an initial outlay of approximately Rs 900 crore. It was followed by FAME-II which had an outlay of Rs 11,500 crore.

The government is likely to give a new name for the

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