- Union Government on 1 April 2015 launched Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) – India Scheme
- The scheme was launched as part of the National Mission for Electric Mobility to boost eco-friendly vehicles sales in the country
- Objective: To support the hybrid or electric vehicles market development and its manufacturing eco-system in the country in order to achieve self-sustenance in stipulated period
- The overall scheme is proposed to be implemented over a period next 6 years i.e. till 2020
- It envisages providing Rs 795 crore support till 2020 for the manufacturing and sale of electric and hybrid vehicles
- It also seeks to provide demand incentives to electric and hybrid vehicles from two-wheeler to buses
- Implementation: It will be implemented in phases
- The Phase-1 will be implemented over a two year period in FY15-16 and FY16-17
- Based on the outcome and experience from the Phase-1, it will be reviewed for implementation after 31 March 2017
- Then appropriate fund will be allocated for future.
- Four focus areas: Technology development, Pilot Projects, Demand Creation and Charging Infrastructure.
In the first two years Rs 260 crore and Rs 535 crore will be spent on the focus areas
- The Department of Heavy Industries under the aegis of Union Ministry of Heavy Industries will be will be nodal department for the scheme
Published with inputs from Swapnil | Image: Linkedin