The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was launched in 2015 under National Electric Mobility Mission (NEMM). It aims at promoting eco-friendly vehicles in the country. The scheme is being administered by the Heavy Industries Ministry.
Objectives of the scheme:
Provide fiscal and monetary incentives for adoption and market creation of both hybrid and electric technologies vehicles in the country and incentivise all vehicle segments, including two- wheelers, three wheeler auto, passenger four- wheeled vehicle, light commercial vehicles and buses. In order to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth of the same, Department of Heavy Industry is implementing FAME-India Scheme- Phase-I [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] from 1April 2015. The scheme, which was initially upto 31April 2017, has been extended upto 31March, 2019 or till Notification of FAME-II, whichever is earlier.
The Phase-II of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-India) Scheme proposes to give a push to electric vehicles (EVs) in public transport and seeks to encourage adoption of EVs by way of market creation and demand aggregation.