As a part of the National Electric Mobility Mission Plan 2020 (NEMMP 2020), the Government of India formulated a scheme namely Faster Adoption and Manufacturing of Hybrid & Electric vehicles in India [FAME-India] for a period of 6 years, till 2020, wherein it is intended to support the hybrid/electric vehicle market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period.
1. The scheme is one of the green initiatives of the Government of India, which will be one of the biggest contributors in reducing pollution from road transport sector in near future.
2. The scheme has 4 focus areas i.e. Technology Development, Demand Creation, Pilot Projects and Charging Infrastructure.
3. Market creation through demand incentives is aimed at incentivizing all vehicle segments i.e. 2-Wheelers, 3-Wheeler Auto, Passenger 4-Wheeler Vehicles, Light Commercial Vehicles and Buses. The demand incentive is available for buyers (end users/consumers) in the form of an upfront reduced purchase price to enable wider adoption.
(Adapted from PIB)