New Auto Policy: FAME II (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles)
- The Union Cabinet has given clearance to the FAME-II scheme, with an eye on promoting electric and hybrid vehicles in the country.
- The scheme will be implemented over a period of three years with effect from April 1, 2019.
- It is the expanded version of the present scheme FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015.
- Through the scheme, it is planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.
- Encouragement for Adoption of Electric & Hybrid Vehicles: The main objective of the scheme is ....
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