How will FAME III benefit over FAME II EV Policy?
Smaller EVs, such as electric two- and three-wheelers, will still be eligible for the same subsidies under FAME III. Three-wheelers and electric scooters that were subsidized by FAME II are included in this list of incentives. The government provided incentives of up to Rs 22,500 for electric two-wheelers and up to Rs 1,11,505 for electric three-wheelers. It is expected that incentives for electric buses will not end.