FAME-3 Subsidy: FAME 3 can now also be included in the preparations being made by the central government to strengthen health and security systems. Under the upcoming FAME 3 scheme, it is preparing to give incentives for electric ambulances and police vehicles. However, during a recent conference, Gadkari said that initially the cost of manufacturing electric vehicles was high. But as the demand increased, the production cost is decreasing. Due to which there is no need to provide subsidy to EV manufacturers further. FAME 3 will replace the temporary Electric Mobility Promotion Scheme 2024, which is going to end in September. However, HD Kumaraswamy had said that an inter-ministerial group is working on the inputs received for the FAME-3 scheme. And efforts are being made to resolve the issues in the first two phases of the hybrid and electric vehicle scheme. Which is going to be finalized soon.
These benefits will be available under Fame 3 subsidy scheme
According to a recent report, the central government is considering allocating a total of Rs 11,000 crore for the third phase of the FAME subsidy scheme. However, there is also a possibility that the central government may reduce the incentive amount on every category over a period of two years. Apart from this, if customers scrap their old vehicles along with purchasing an EV vehicle, then there is also a provision to provide additional incentives on the purchase of EV.
Customers will get subsidy certificate
In the third version of the FAME scheme, vehicle owners who get the benefit of this subsidy on purchasing electric vehicles can also be given a certificate. At present, in the initial phase, a strategy is being made with the OEMs regarding the process of issuing these certificates to electric vehicle buyers. Incentives for electric buses, three-wheelers and two-wheelers are likely to be included. Incentives for electric buses, three-wheelers and two-wheelers are likely to be included in the third version of the FAME scheme. Under which new vehicles like electric trucks, tractors, mining equipment and charging infrastructure will also be included. On this subject, Union Heavy Industries Minister HD Kumaraswamy said on September 4 that it is expected that the central government will finally implement the third version of the FAME scheme within two months.
These will be the benefits from the expansion of electric vehicles
The shift to electric vehicles is expected to create jobs as well as reduce dependence on fossil fuels. But amid all this, hinting at the elimination of subsidies on electric vehicles, Union Minister Nitin Gadkari on Thursday said there is no need to give subsidies for electric vehicles (EVs) because consumers are now choosing EVs or CNG vehicles themselves.
