July 12, 2024

  • Daily Motion

Govt supports electrifying public & shared transportation under FAME II

FAME II Scheme

Government to support public & shared transportation electrification under the FAME (Faster Adoption and Manufacturing of Electric Vehicles) Scheme for the next three years.

Govt to support electrifying public & shared transportation under FAME II

The government will support to electrify public & shared transportation through providing incentives to 7,000 e-buses, 5 lakh electric three-wheelers, 55,000 electric four-wheeler passengers cars and 10 lakh electric two-wheelers.

This incentive is provided by the government to make the EVs available for the consumers at an affordable price that leads to eco-friendly public transportation options for the huge public.

FAME II Scheme

The FAME II scheme started on April 1 with the budget support of Rs 10,000 crore which supports the creation and development of EV charging infrastructure in selected cities also at major highways. As per the statement, until now five automobiles manufacturers registered to take advantage of the scheme.

FAME I Scheme 

The first phase of FAME scheme was launched for 2 years on April 1, 2015, and later extended till March 31. The government supported nearly 2.78 lakh electric and hybrid vehicles with a total demand incentive of approximately Rs 343 crore for purchase of the EVs and hybrid vehicles in phase-I of FAME.

Ministry of Heavy Industries & Public Enterprises

The Ministry of Heavy Industries & Public Enterprises said that under the FAME scheme 465 buses were sanctioned for the cities and States under the FAME scheme.

Phase I for creating demand incentives 

Phase-I aimed to create demand incentives for various vehicles categories such as two-wheelers, three-wheelers auto, passenger four-wheeler vehicles, commercial vehicles and buses that are light.

Why Electric Vehicles?

As the government is taking many initiatives to promote the use of EVs in India. Electric vehicles are the need of an hour as it has some unique features such as zero emission, quiet and speed. It is mandatory to use in India to reduce the pollution levels in the country. 

As pollution is causing many dangerous health issues and it also helps to save our money which we spend on purchasing those expensive fuels every day. 

The country can also save on the amount it spends crores for importing oil from other countries. 

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Mastered in Journalism and I am a dedicated writer for ElectricVehicles.in since 2018. I am an EV enthusiast. I love to write about electric vehicles, technology, startups, people, fashion, and trends. Through my writings, I love to contribute to my team's efforts to reduce the pollution levels in the world, especially from India.

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