Incentives for electric vehicles under FAME-II scheme

To give greater emphasis on providing affordable and environment friendly public transportation options for the masses, the Government of India is taking several initiatives. In this direction, the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme was launched to promote electric mobility through demand incentive for electric vehicles.

The first phase of the scheme was initially approved for a period of 2 years, commencing from 1st April, 2015. After successful implementation of the scheme, the second phase i.e. FAME-II was launched in 2019 with an outlay of Rs.11,500 Crore to provide incentives for electric vehicles including two, three, four wheelers, electric buses and also EV public charging stations (PCS).

The scheme includes a phased manufacturing program and has supported significant policy initiatives, such as reducing GST on EVs and enabling state EV policies, contributing to India’s transition to sustainable mobility as per PIB sources.