FAME India Scheme

The FAME (Faster Adoption and Manufacturing of Electric vehicles) India Scheme, launched in 2015, is implemented by the National Automotive Board under the Ministry of Heavy Industries. The primary objective of the scheme is to encourage the production of electric vehicles domestically, reduce emissions, and establish a robust charging infrastructure. The scheme is divided into two phases - Phase I (2015 to 2019), which focused on demand creation, technology, pilot projects, and setting up charging stations, and Phase II (2019 to 2024), focusing on the electrification of public and shared transportation. The scheme also offers incentives to electric vehicle manufacturers and associated industries. However, uncertainties regarding the demand for these vehicles and the disincentivization of smaller vehicles pose a challenge to its execution.

Important Points:

  1. FAME India Scheme was launched in 2015 to promote electric vehicles in India.
  2. The National Automotive Board under the Ministry of Heavy Industries implements the scheme.
  3. The scheme comprises two phases - Phase I focused on aspects like demand creation, and Phase II concentrates on public and shared transportation electrification.
  4. The scheme encourages the domestic production of electric vehicles and aims to convert 30% of total transportation into electric by 2030.
  5. Challenges include uncertain demand for electric vehicles and the eligibility of vehicles for incentives.