Why in news?
Government is mulling on the target to achieve an all-electric fleet of vehicles by 2030
This will need a substantial push from the government and the private sector in terms of setting up the charging infrastructure, enabling cheaper availability of raw materials and incentivising mid-way measures such as hybrid vehicles
FACTS FOR PRELIMS
Ministry : Ministry of Heavy Industries and Public Enterprises
Aims to support hybrid/electric vehicles market development and manufacturing ecosystem.
FAME stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles
The scheme has 4 focus areas i.e.
Pilot Projects and
The FAME India Scheme is aimed at incentivizing all vehicle segments i.e. 2 Wheeler, 3 Wheeler Auto, Passenger 4 Wheeler Vehicle, Light Commercial Vehicles and Buses.
Launched in 2015 under National Electric Mobility Mission Plan (NEMMP)
Government has withdrawn subsidy given to mild hybrid vehicles
Earlier, subsidy was given to mild hybrid, strong hybrid, plug-in hybrid and pure electric vehicles
SOURCE – THE HINDU.