FAME India – Hybrid and Electric vehicles scheme

All about fuel saving, eco-friendly vehicles & self-sustenance

  • 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

Key facts:

  • 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

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