The Faster Adoption and Manufacturing of Electric Vehicles (FAME) India scheme is a government initiative aimed at promoting electric mobility by offering subsidies on electric vehicles (EVs). Under FAME II, individuals purchasing eligible electric two-wheelers, three-wheelers, and four-wheelers can avail of financial benefits.
While FAME II is a national scheme, states like Delhi, Maharashtra, Gujarat, and Tamil Nadu offer additional EV incentives. For example, Delhi provides an extra subsidy on top of FAME benefits, while Maharashtra offers early-bird incentives for the first few buyers.
Understanding how to apply for FAME 2 subsidy online can help make the transition to EVs more affordable.
How to avail benefits under FAME India scheme
- Ensure that your EV model is registered under the FAME II scheme. Approved models are listed on the official National Automotive Board portal.
- Always purchase your EV from an authorised dealer or manufacturer that is part of the FAME programme.
- Upon purchase, the subsidy is automatically deducted, reducing the overall cost of the vehicle.
- After purchase, manufacturers or dealers upload purchase details to the FAME 2 subsidy application portal, which then gets verified by the government, with minimal input required from the buyer.
Why FAME subsidy matters for car Insurance
Since EVs have higher upfront costs, government subsidies like FAME II make them more accessible. A lower purchase price also affects car insurance premiums, making EV ownership a financially viable choice.
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