electric vehicles
The Ministry of Heavy Industries has reported significant achievements in various schemes aimed at enhancing India's electric vehicle (EV) ecosystem. Key initiatives include FAME-I and FAME-II, which supported over 2.5 lakh and 14.3 lakh EVs respectively, along with the PM E-DRIVE Scheme, which aims to incentivize
electric vehicles
The National Electric Mobility Mission Plan (NEMMP) 2020 aims to accelerate the adoption of electric vehicles (EVs) in India. The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme was launched in 2015 to support this initiative. FAME-I (2015-2019) supported over 255,000 EVs and
FAME Scheme
The Ministry of Heavy Industries has clarified that under the FAME Scheme, subsidies are provided to buyers of electric vehicles, not to manufacturers. The scheme offers upfront price reductions for consumers, which are later reimbursed to Original Equipment Manufacturers (OEMs). The report details the financial allocations and utilization for both