As part of the NEMMP 2020, Department of Heavy Industry formulated a Scheme, Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in the year 2015 to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth.
Phase-I of the scheme was initially launched for a period of 2 years with total fund allocation of INR 795 cr., commencing from 1st April 2015, which was subsequently extended from time to time and the last extension was allowed up to 31st March 2019 with additional outlay of INR 100 cr. Phase I of FAME India Scheme was implemented through four focus areas namely:
The demand incentive was available to buyers of EV in the form of an upfront reduced purchase price to enable wider adoption. Also, grants were sanctioned for specific projects under Pilot Projects, R&D/Technology Development and Public Charging Infrastructure components under the scheme. In the phase I of the scheme, about 2.78 lakh EVs were supported with a total demand incentive of around INR 343 Crore. In addition, 465 buses were sanctioned to various cities/states under this scheme. The details of funds earmarked and utilized under Phase-I of FAME India Scheme is tabulated below:
| S. NO. | Financial Year | Fund Allocated | Fund Utilization |
|---|---|---|---|
| 1 | 2015-16 | Rs 75 Crore | Rs 75 Crore |
| 2 | 2016-17 | Rs 144 Crore | Rs 144 Crore |
| 3 | 2017-18 | Rs 165 Crore | Rs 165 Crore |
| 4 | 2018-19 | Rs 145 Crore | Rs 145 Crore |
| Total | Rs 529 Crore | Rs 529 Crore | |