Government has sanctioned five thousand 595 electric buses in 64 cities for intracity and intercity operations under the second phase of FAME India scheme.
FAME India scheme
Fame India Scheme. Government of India has notified FAME India Scheme [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] for implementation with effect from 1st April 2015, with the objective to support hybrid/electric vehicles market development and Manufacturing eco-system.
FAME-India Scheme. In order to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth of the same, Department of Heavy Industry is implementing FAME-India Scheme- Phase-I [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] from 1st April 2015.
FAME 2Electric VehiclesIndia EV PolicyAuto Industry. New Delhi: The government has announced an outlay of ₹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.
The objective of the scheme is to encourage faster adoption of electric and hybrid vehicle by way of offering upfront incentives on purchase of electric vehicles.