Faster Adoption and Manufacturing of Electric (& Hybrid) Vehicles in India Scheme (FAME India Scheme)

The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) Scheme is a government initiative launched in 2015 to promote the adoption of electric and hybrid vehicles in the country. It's part of the National Electric Mobility Mission Plan (NEMMP) and aims to reduce dependence on fossil fuels, improve air quality, and boost domestic manufacturing of electric vehicles.

FAME India Phases

The scheme has undergone two phases:

• Phase I (2015-2019): Focused on providing subsidies for electric two-wheelers, three-wheelers, and four-wheelers. It also supported setting up charging infrastructure.
• Phase II (2019-2024): Increased focus on public transportation electrification with incentives for electric buses. It also continued support for electric two, three, and four-wheelers and charging infrastructure development.

Key Features of FAME India

• Demand Incentives: Provides financial subsidies to make electric vehicles more affordable for buyers.
• Charging Infrastructure: Supports setting up charging stations across India to address range anxiety.
• Manufacturing Incentives:: Encourages domestic production of electric vehicles and components.

Benefits of FAME India (Indian Perspective)

1. Reduced Pollution:

Electric vehicles produce zero tailpipe emissions, leading to cleaner air and improved public health.

2. Energy Security:

Less reliance on imported fossil fuels and a shift towards a sustainable transportation system.

3. Job Creation:

Boosts domestic manufacturing and creates new job opportunities in the electric vehicle sector.

4. Lower Running Costs:

Electric vehicles are generally cheaper to operate compared to traditional gasoline-powered vehicles.

Future of FAME India

The success of FAME India has led to discussions about its future:

There might be an extension of FAME India beyond 2024, with a focus on continued support for specific EV segments and infrastructure development.

Encouraging domestic battery manufacturing can reduce dependence on imports and bring down overall EV costs.

EV Financing Options: Government and private initiatives can offer attractive financing schemes to make electric vehicles more affordable for buyers.

Challenges and Considerations

• Battery Technology and Cost: While battery costs are decreasing, they still contribute significantly to the overall price of electric vehicles. Continued research and development are crucial for cost-effective and efficient batteries with improved range.
• Charging Infrastructure: Expanding charging infrastructure across urban and rural areas is essential to address range anxiety and encourage wider electric vehicle adoption. Consumer Awareness: Creating public awareness about the benefits and economics of electric vehicles can overcome initial hesitation and drive demand.
• Second-hand Market: Establishing a robust second-hand market for electric vehicles can make them more accessible to a broader range of consumers.

Conclusion

The FAME India Scheme has played a significant role in promoting electric vehicle adoption in India. With continued government support and industry efforts, electric vehicles are poised to become a mainstream transportation option in the country, contributing to environmental and economic benefits.