Thursday 30 July 2015

FAME - India Scheme

Why in news?
Launched in April 2015

-FAME: Faster Adoption and Manufacturing of hybrid and Electric Vehicles.

-to boost sale of eco-friendly vehicles.

-Part of National Mission for Electric Mobility

  • NEMMP aims to achieve national fuel security by promoting
    hybrid and electric vehicles in the country. There is an ambitious
    target to achieve 6-7 million sales of hybrid and electric vehicles
    per year from 2020 onwards.

-The scheme envisages Rs 795 crore support in the first two fiscals starting with the current year.

-it envisages providing demand incentives to electric and hybrid vehicles from two wheelers to buses in range of 1800 rupees to 66 lakh rupees

-Focus areas of the scheme will be development;
2.demand creation;
3. pilot projects; and
4. charging infrastructure

-The Department of Heavy Industries will be nodal department for the scheme.


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