Achievements of FAME INDIA Program
Here are the achievements of FAME INDIA Program.
The Ministry of Heavy Industries and Public Enterprises has declared that about 285,000 buyers of electric and hybrid vehicles have benefited from the subsidies provided under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME-India) program. A substantial amount of ₹3.6 billion has been spent under the program.
Achievements of FAME INDIA Program
The government launched the FAME program to boost up early adoption and creation of market for both hybrids and EVs. The FAME program includes all vehicles – two-wheeler, three-wheeler, four-wheeler, and buses.
According to FAME-India’s website, over 55.5 million liters of fuel have been saved so far and over 138.3 million kilos of carbon dioxide emissions have been avoided since the implementation of this program.
The central government of India has planned through NITI Aayog to develop a policy which will help to promote EVs in the Indian market. The NITI Aayog has proposed that after 2025, only two and three-wheeler EVs must be exclusively sold in the country. The government expects a complete transition to EVs by 2030. But the Union Minister Nitin Gadkari was later told media that the shift to electric vehicles should happen naturally and that the government will continue to promote EVs without banning petrol or diesel vehicles.
In March 2019, the Union Cabinet approved the proposal to implement FAME India Phase II which is aimed towards the promotion of electric mobility in the country. Furthermore, the central government has planned an investment of ₹5 billion for the second phase of its FAME program in a bid to propel EV adoption on a larger scale. The program was launched in 2015, and it was successful in increasing the share of hybrid and EV passenger vehicles from zero in the financial year 2012-13 to 1.3% in the financial year 2015-16.
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