Question
The FAME-II scheme is designed to provide incentives to
manufacturers for the production of electric vehicles (EVs) and to promote the development of necessary infrastructure to support EV adoption in the country. What is the allocated budget for the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme in India?Solution
The budget has allocated Rs. 51.72 billion (about USD 631 million) for the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, which will provide incentives to manufacturers to produce EVs and also encourage infrastructure development.
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