Speed Post News Network
New Delhi : The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster adoption of electric vehicles and their manufacturing in the country. As part of the NEMMP 2020, Department of Heavy Industry formulated a Scheme viz. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth of the same.
The Phase-I of this Scheme was initially launched for a period of 2 years commencing from April 1, 2015, which was subsequently extended from time to time and the last extension was allowed up to March 31, 2019. The 1st Phase of FAME India Scheme was implemented through four focus areas namely (i) Demand Creation (ii) Technology Platform (iii) Pilot Project and (iv) Charging Infrastructure.
Market creation through demand incentives was aimed at incentivising all vehicle segments i.e. 2-Wheelers, 3-Wheelers Auto, Passenger 4-Wheeler vehicles, Light Commercial Vehicles and Buses.
Based on the experience gained during Phase 1 of FAME Scheme and suggestions of various stakeholders including industry associations, the Department of Heavy Industry notified Phase-II of the Scheme on March 8, 2019, with the approval of Cabinet with an outlay of Rs 10,000 Crore for a period of 3 years commencing from April 1, 2019. This information was given by Minister for Heavy Industries & Public Enterprises, Arvind Ganpat Sawant, in written replyto a question in the Lok Sabha on July 9, 2019.
… [Trackback]
[…] Find More here on that Topic: thespeedpost.com/fame-india-scheme/ […]