The Government of India continues to advance its commitment to affordable and environmentally friendly public transportation through the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme. Introduced in 2015, the initiative aims to promote electric mobility by offering demand incentives for electric vehicles (EVs).
Initially launched for a two-year period starting April 1, 2015, the FAME-India Scheme’s first phase achieved significant success. Building on this foundation, the second phase, FAME-II, was introduced in 2019 with a budget allocation of ₹11,500 crore. The extended scheme provides incentives for two-wheelers, three-wheelers, four-wheelers, electric buses, and public charging stations (PCS).
As of October 31, 2024, ₹8,844 crore has been utilized under FAME-II, comprising ₹6,577 crore for subsidies, ₹2,244 crore for capital assets, and ₹23 crore for other expenses. The scheme has incentivized 16.15 lakh EVs, including 14.27 lakh electric two-wheelers, 1.59 lakh electric three-wheelers, 22,548 electric four-wheelers, and 5,131 electric buses. Furthermore, 10,985 EV PCS have been sanctioned, with 8,812 allocated for installation.
FAME-II also supports India’s shift toward sustainable mobility through a phased manufacturing program and critical policy reforms, such as reducing GST on EVs and facilitating state-level EV policies. These efforts underscore the government’s resolve to create a robust ecosystem for electric mobility and reduce the country’s carbon footprint.
