New Delhi. The rapidly growing popularity and demand of electric vehicles in India is not hidden from anyone. Due to the skyrocketing price of petrol-diesel in the country, where people’s interest for petrol-diesel-run vehicles decreased, the interest for electric vehicles that get rid of the hassle of petrol-diesel increased rapidly. Due to this, the sales of electric vehicles in the country have also seen a good performance. According to a recent report, now more than 5,000 only electric two-wheelers are sold in the country every week. If sales of electric three-wheelers and electric four-wheelers are also included in this, then these figures will be even higher.
fast growing demand
Until recently, only 700 units of electric two-wheelers were sold in the country in a week. Although this was not a low sales, but now compared to this, more than 5,000 electric two-wheelers are sold every week in the country. This rapid increase in demand reflects the craze of people for electric vehicles.
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Credit given to FAME-II
The government has given credit for the increasing popularity and demand of electric vehicles to the FAME-II scheme. The Central Government has launched the second phase of the Faster Adoption and Manufacturing (FAME) Scheme for Electric Vehicles (FAME) scheme with an investment of Rs 10,000 crore to boost the demand for electric vehicles. Under this scheme, along with giving subsidy to electric vehicle customers, the government also builds charging infrastructure for electric vehicles.
Objective of FAME-II Scheme
The Central Government redesigned the FAME-II scheme in June 2021 based on the feedback received from the automobile industry and its users, especially in view of the Corona pandemic. The new FAME-II scheme aims to accelerate the growth of electric vehicles by reducing the upfront cost.
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Impact of FAME-II Scheme
Giving information along with this, the government said that till December 16 in 2021, a total of 1.4 lakh electric vehicles have been given incentives. The incentive amount allocated for these electric vehicles as per the FAME-II scheme is around Rs 500 crore. The incentives given under the scheme include 1.19 lakh electric two-wheelers, 20,420 electric three-wheelers and 580 electric four-wheelers. The government has also claimed that a total of 1.85 lakh electric vehicles have been incentivized so far under the FAME-II scheme.
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