The government has announced an outlay of Rs.10,000 crore for Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme, to boost electric mobility and increase the number of electric vehicles in commercial fleets. What are the salient features of FAME 2 scheme? How will FAME 2 scheme have an impact?
Answer: The salient features of Phase-II of the FAME India Scheme (FAME 2), proposes to give a push to electric vehicles (EVs) in public transport and seeks to encourage adoption of EV’s by way of market creation and demand aggregation.
Salient Features of Fame 2 are:
- Create EV charging infrastructure
- Have special emphasis for public transport, especially Electric Buses
- 3 Wheeler and 4 Wheeler incentives will only be applicable for commercial purposes
- 2 Wheeler segment will have focus for private vehicles
- 2700 charging stations in metros in the next 3 years
- Establishment of charging stations in major highways
- Target:The outlay of Rs. 10,000 crore ....
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