50 Electric buses have been launched in Delhi with support under FAME India Phase II scheme of the Ministry of Heavy Industries.

 

About FAME India Phase II

  • Full name of scheme — Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II).
  • Implementing agency — Department of Heavy Industry.
  • Objective — Promotion of Electric and hybrid vehicle in the country by offering upfront Incentive on purchase of Electric vehicles and by establishing charging Infrastructure for electric vehicles.
  • Salient features of the scheme —
    • The scheme with total outlay of Rs 10,000 Crores over the period of three years (2019-20 to 2021-22) is being implemented since 1st April 2019.
    • This scheme is the expanded version of the present scheme titled ‘FAME India 1’ which was launched on 1st April 2015, with total outlay of Rs. 895 crores.
    • Target is to support 10 Lakhs e-2 Wheeler, 5 Lakhs e-3 Wheelers, 55000 four Wheelers and 7000 Buses.
    • Under the scheme of FAME-II, the demand incentive for e-2W has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to almost 40% of the cost of the vehicle to increase the adoption of e-2W.
    • The phase II of FAME-India Scheme has been extended for a period of two years after 31st March 2022.
  • Benefits — The scheme will help in addressing the issue of environmental pollution and fuel security.