New Auto Policy: FAME II (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles)

  • The Union Cabinet has given clearance to the FAME-II scheme, with an eye on promoting electric and hybrid vehicles in the country.
  • The scheme will be implemented over a period of three years with effect from April 1, 2019.
  • It is the expanded version of the present scheme FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015.
  • Through the scheme, it is planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.
  • Encouragement for Adoption of Electric & Hybrid Vehicles: The main objective of the scheme is ....
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