The planet earth has finite non-renewable resources for fossil fuels which also form a much larger part of the vehicular fuel in our lives. Hence, it becomes important to save and judiciously use coal, petroleum and other natural resources. Keeping in mind the same concern, the government of India brought new and innovative alternatives such as electric vehicles into the play. Thus, the automotive industry also sees a pioneering and fresh era in its journey now. The initiative of FAME Scheme II aims in the same direction of National Fuel-saving interest, eco-friendly fuel substitution and other benefits for a developing nation like India.
FAME scheme II, part of the National Electric Mobility Mission Plan (NEMMP), stands for Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India. As a government scheme, it was launched in its first phase on 1st April 2015 for a three-year three-year sprint up to 31st March 2018 but got an extension for another year up to 31st March 2019. The FAME Scheme II aims to provide an impetus for producing hybrid electric vehicles. The scheme is implemented and supervised by the Department of Heavy Industries. Also, the second phase of the scheme began on 1st April 2019 for another three years.Â
The following are the objectives of the FAME Scheme II:
The following are the salient features of FAME Scheme II :
The FAME Scheme II aims to facilitate the sale of hybrid electric vehicles with a large number of 6-7 million by the end of 2020 under the implementation and supervision of the Ministry of Heavy Industries and Public Enterprises. People can also apply for the scheme through relevant local authorities about the scheme. FAME Scheme II is meant for 2-4 wheeler vehicles along the lines of subsidy provisions. FAME Scheme II also has a depository mentioned on the official website of the Department of Heavy Industry. Hence, FAME Scheme II focuses on how electric vehicles can be a game-changer in bringing about an environmentally friendly India.