About FAME India Phase II:
- Full name of scheme: Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II).
- Implementing agency: Department of Heavy Industry.
- Objective: Promotion of Electric and hybrid vehicle in the country by offering upfront Incentive on purchase of Electric vehicles and by establishing charging Infrastructure for electric vehicles.
- Salient features of the scheme:
- The scheme with total outlay of Rs 10,000 Crores over the period of three years (2019-20 to 2021-22) will be implemented with effect from 1st April 2019.
- This scheme is the expanded version of the present scheme titled 'FAME India1 which was launched on 1st April 2015, with total outlay of Rs. 895 crores.
- Target is to support 10 Lakhs e-2Wheeler, 5 Lakhs e-3Wheelers, 55000 4Wheelers and 7000 Buses.
- Under the scheme of FAME-II, the demand incentive for e-2W has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to almost 40% of the cost of the vehicle to increase the adoption of e-2W.
- The phase II of FAME-India Scheme has been extended for a period of two years after 31st March 2022.
- Benefits: The scheme will help in addressing the issue of environmental pollution and fuel security.
