The Union Finance Ministry has sanctioned an additional

Solution

The Union Finance Ministry has sanctioned an additional Rs 1,500 crore for the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme. By injecting supplementary funds, the government has raised its vehicle support objectives for all categories except buses. The target to support the number of vehicles was raised from 1.56 million to 1.74 million. The target for electric two-wheelers (e2Ws) was raised by 50 per cent to 1.55 million, while for e3Ws it was reduced by 68 per cent to 155,536. It was reduced for e4W by 13 per cent to 30,461.The target for buses was increased to 7,262 units from 7,090.