FAME India – IAS Synopsis
Phase II of Faster Adoption and Manufacturing of Electric Vehicles in India was launched with an outlay of Rs 10,000 crore.
The aim of this scheme is to
incentivize demand for Electric Vehicles (EVs) by providing upfront subsidies, and
creating charging infrastructure for EVs.
FAME India II Scheme was redesigned in June 2021. Further the scheme has been extended for a further period of 2 years i.e. upto March 31, 2024.After remodeling of FAME II in June 2021 sale of electric two wheelers has increased to over 5000 per week from 700 per week before remodeling.
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