FAME II: India Approves Second Phase Of Electric Vehicle Scheme With Higher Outlay

The scheme offers upfront incentives on purchase of electric vehicles besides setting up charging infrastructure.

An employee prepares to charge a Jaguar electric hybrid vehicle. (Photographer: Chris Ratcliffe/Bloomberg)

India approved the second phase of a scheme to boost electric mobility with a higher outlay as it looks to have at least 30 percent of the vehicles powered by battery in little over a decade.

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