FAME II to be extended till 2024, no additional fund allocation likely
Shortpedia
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The Department of Heavy Industries is likely to grant a two-year extension to the Faster Adoption and Manufacturing of Strong Hybrid and Electric Vehicles scheme or FAME, according to reports. The union government had rolled out the policy in 2015 to encourage the adoption of electric vehicles. The scheme which was set to expire in March 2022 is likely to be extended till 2024, as per report.
