Deadline nearing, only 41% of Centre's FAME II scheme target met so far

With only 10 months left before the deadline for the Centre’s flagship electric vehicles (EV) promotion scheme — Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) — ends, the government has sponsored only 41 per cent of the target of more than 1.5 million EVs since the launch of the scheme in March 2019.

As the government plans no further extension of the scheme beyond FY24, the task is to achieve the unfinished target of subsidising 914,707 EVs.

The Ministry of Heavy Industries (MHI) data, sourced by Business Standard, shows the electric four-wheeler (E4W) segment saw