FAME India Scheme Flashcards
FAME full form
Faster Adoption and Manufacturing of hybrid and electric vehicles
Aim of FAME
To boost the development of electric vehicles by achieving the goals of National Electric Mobility Mission plan
When was NEMMP launched
2013
Money allocated for FAME phase II
Rs 10,000 crores
FAME I lasted between
2015-2019
Phase II envisaged from
2019-2024
Initial target year for FAME II
2022
Subsidy on ______ has been increased by 50%
Electric two wheelers
Subsidy on electric two wheelers now amounts to ___ from earlier ____
Rs15,000 from Rs10,000
Cap on subsidy cost has been increased to 40% from earlier ___
20%
Parent authority for FAME scheme
Ministry of Heavy industries and Public Enterprises
Minister-Mahendra Nath Pandey
Objectives of FAME II
1) Encourage faster adoption of electric and hybrid vehicles
2) Establish necessary charging infrastructure
3) To address issue of environmental and pollution and fuel security
Benefits of incentives will be extended to only those vehicles having which type of batteries
Advanced batteries ex Lithium Ion batteries
Approx how many charging stations are to be established
2700 stations
Where will the charging stations be established
Metros, Smart cities, cities of hilly states, major highways connecting major city clusters
