Why is it in the news?
Government revised scheme timelines and incentives.
Push for electric mobility adoption.
Category: Economy
Important Points:
● Scheme outlay of ₹10,900 crore
● Valid from October 2024 to March 2026
● Extension for EV incentives till 2026–2028
● Focus on electric 2-wheelers and 3-wheelers
● Builds on FAME I and FAME II schemes
● Incentives capped at 15% of vehicle price
● Supports e-buses, e-trucks and e-ambulances
● Plans 72,300 public EV charging stations
● BHEL to develop EV digital “Super App”
● Promotes domestic EV manufacturing