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.