Government Denies Extension of FAME-II Subsidies Beyond March 31

In India, there’s a program called FAME-II that helps people buy electric vehicles (EVs).

[{"selector":"#anim-8881aac4-6f9f-4edb-a6c4-ebc2f16a519a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.833582952531623%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c9d4cff1-e93e-4e95-9f35-d77b9ccf2da7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9613b0c0-f0b7-4509-9fb1-892fcb76014d","keyframes":{"transform":["translate3d(103.10077%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

EVs are cars, bikes, and other vehicles that run on electricity instead of gasoline.

[{"selector":"#anim-38057548-c4a0-4cac-879e-2df64787ae13 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-98661cdb-997e-4bf0-b8fd-4ae2b474adf2","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-446e6b64-b74c-4df4-8ae2-08aa06bc5f55","keyframes":{"transform":["translate3d(103.35917%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

FAME-II stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles.

[{"selector":"#anim-02fb9c1b-0829-4779-ade7-37ee1dfa1c4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.750550404424934%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-03c613b3-c48a-4d92-aa65-19e681464b88","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f60caf8c-c3c5-427c-b4a1-255c875f6826","keyframes":{"transform":["translate3d(103.35917%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Recently, there was news that FAME-II might get extended for four months. This got people excited because it meant more time to get subsidies for buying EVs.

[{"selector":"#anim-aed67af9-5e91-48bf-ad98-45840c6e8c18 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-54cbbcb3-f3f2-49a8-9679-02621a17b37e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b463f0e-7d68-4796-ab28-6e9dd739e69d","keyframes":{"transform":["translate3d(103.35917%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Subsidies are like discounts given by the government to make things cheaper.

[{"selector":"#anim-aca4dbe4-de6e-4966-a6bc-afe70ede2e32 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, -0.00036165049223058077%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-723902af-8000-4ba0-b3ee-5af344c66f47","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9d04afa-bfe3-4452-b422-bb0bb3e96a83","keyframes":{"transform":["translate3d(103.10077%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

However, the government said this news wasn’t true. They clarified that FAME-II will end on March 31, 2024, as planned. So, no extra time for subsidies.

[{"selector":"#anim-4cbd82b3-1022-4fc4-a7dc-ced6bd1d4129 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.837079759694039%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-778cc3c7-6386-4fd5-b205-d6ac6ee74cd6","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1bbda5d7-a2ac-4e56-98f9-dcf817d7b15d","keyframes":{"transform":["translate3d(103.10077%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The government has set aside Rs 11,500 crore for FAME-II. That’s a lot of money!

[{"selector":"#anim-17df7f73-d1ad-4665-a11e-ff5d1e457fd3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-10.629308455087152%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6ef26801-b30f-4801-b0f1-d83c55cff102","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bb5e58c-483b-49af-9475-2d435fcda4dd","keyframes":{"transform":["translate3d(103.10077%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

if you want more information about this news then click on below link.

[{"selector":"#anim-0f759b9a-9bd8-4771-b80b-a9faab800285 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-63c01983-7932-4d73-8483-1f5188a8deef","keyframes":{"opacity":[0,1]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8018ead-2afb-4f12-8839-dfc7426a3be1","keyframes":{"transform":["translate3d(103.35917%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3234,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Click Here