Faster Adoption and Manufacturing of Electric Vehicles

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.

Scheme:

FAME stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles

The scheme has 4 focus areas i.e.

Technology development,

Demand Creation,

Pilot Projects and

Charging Infrastructure.

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.

Factual Information:

Launched in 2015 under National Electric Mobility Mission Plan (NEMMP)

Updates:

Government has withdrawn subsidy given to mild hybrid vehicles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.