Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme aims to boost electric mobility and increase the number of electric vehicles in commercial fleets.
Target: The outlay of ₹10,000 crore has been made for three years till 2022 for FAME 2 scheme.
The government will offer the incentives for electric buses, three-wheelers and four-wheelers to be used for commercial purposes.
Plug-in hybrid vehicles and those with a sizeable lithium-ion battery and electric motor will also be included in the scheme and fiscal support offered depending on the size of the battery..
