FAME India Scheme

• The FAME (Faster Adoption and Manufacturing of Electric Vehicles) India Scheme is a strategic initiative by the Indian government to promote electric and hybrid vehicles. 

• Launched in 2015, the scheme aims to address environmental concerns, reduce dependence on fossil fuels, and foster sustainable transportation.

Objective:

• Encourage the adoption of electric and hybrid vehicles.

• Establish charging infrastructure across the country.

Phases:

• FAME India Phase I (2015-2019):

            -Focused on creating awareness and initial adoption.

• FAME India Phase II (2019-2022):

           -Enhanced version with an outlay of Rs. 10,000 crores.

           -Extended till 2024.

           -Targeted significant electric vehicle (EV) adoption.

Incentives:

• Demand Incentive: Increased financial support for EV buyers.

• Charging Infrastructure Incentive: Promoted setting up EV charging stations.

Environmental Impact:

• Reduced air pollution and greenhouse gas emissions.

• Enhanced energy security by reducing oil imports.