Infographic | Budget allocation for FAME scheme since 2015
Lauched in April 2015 with an aim to speed up the adoption of and eventual mainstreaming of electric vehicles (EVs) in India, the Scheme for Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME) has seen progressively larger allocations in the Union Budget since its launch.
A multi-phase scheme, Phase I of FAME ran for four years until 2019, with Phase II kicking off after that with an aim to support the electrification of both public and shared transport.
Under Phase II of the scheme, the government plans to subsidise around 7,000 electric and hybrid buses, 500,000 lakh electric three wheelers, 55,000 electric four wheeler passenger vehicles, and 1 million electric two wheelers, as per IEA.
