FAME or Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India is a subsidy scheme which was introduced by the government of India on April 1, 2019, for a period of three years, which was further extended for a period of two years up to March 31, 2024.
The total outlay for FAME Scheme Phase II is Rs 10,000 crore to provide incentives to buyers (end users or consumers) of electric vehicles to enable wider adoption, which may be encouraged as a purchase price.
The scheme is exclusively for public and commercial transport in the segments of electric three-wheelers (e-3W), electric four-wheelers (e-4W) and electric buses. The benefit of the incentive is available to privately owned registered electric two-wheelers (e-2W).
