FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles

Rebate Summary

- Purchase Incentives: Direct discount provided to the user on the cost of the electric bike - Coupons: Financial incentive where the amount is reimbursed later - Interest Subventions: Discount offered on the interest rate while availing loan - Road tax exemption: Road tax at the time of purchase is waived off - Registration fee exemption: One-time registration fee applicable on new vehicle purchase is waived off - Income tax benefit: Provided as a deduction on the tax amount payable by an individual to the government - Scrapping incentives: Provided upon de-registering old Petrol and Diesel Vehicles - FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles: Incentives such as Rs 15000/- per kWh upto 40% of the cost of Vehicles for two wheelers, Rs 10000/- per kWh for three wheelers, Rs 10000/- per kWh for four wheelers, Rs 20000/- per kWh for E Buses, and Rs 20000/- per kWh for E Trucks - State Incentives: Every state offers some incentives to you for adopting electric vehicles.