Which of the following statements is are correct regarding the Phase II of FAME Faster Adoption and ...........

Environment and Ecology Sustainable Development

Which of the following statements is/are correct regarding the Phase II of FAME (Faster Adoption and Manufacturing of Electric Vehicles) Scheme in India?

1.It will help in addressing the issue of environmental pollution and fuel security.

2.The benefits of incentives will be extended to only those vehicles which are fitted with advanced batteries like a Lithium-Ion battery and other new technology batteries.

3.It does not include incentives for two-wheeler vehicles.

Which of the statements given above is/are correct

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

option a

Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II), is a scheme launched by the Government of India to give a boost to development of Electric Vehicles.
This is important considering the efforts to combat climate change across the globe.
The budget outlay for Phase II is increased to Rs 10,000 Crore. Demand incentive of Rs 15,000/KWh with a maximum cap of 40% of the cost of two-wheeler vehicles.
Demand incentive of Rs 20,000/KWh for electric buses. Demand incentive of Rs 10,000/KWh for the remaining category of vehicles.