Phase II of FAME will Focus on Electrification of Public Transportation Updated On Wed, Jul 3rd, 2019 by Saurenergy The second phase of the FAME scheme will focus on supporting the electrification of public and shared transportation over the next three years. The second phase of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme will focus on supporting the electrification of public and shared transportation over the next three years, the Minister of Heavy Industries and […] Read more
FICCI makes a case for subsidies for battery swapping under FAME 2 Updated On Mon, Jul 1st, 2019 by Saurenergy The move by the leading industry body FICCI to include battery swapping seems to be a pragmatic response to the likely success of adoption of EV’s in the two-wheeler and three-wheeler segment at least. In an interesting move, industry chamber FICCI has made a call for including the battery swapping model of charging for EV’s […] Read more
FAME Alone Not Enough to Boost EV Adoption Updated On Mon, May 6th, 2019 by Saurenergy FAME alone is not enough to reach the 2030 target, various measures as prerequisites are needed in this transition. Policies like FAME need to be supplemented with measures such as domestic manufacturing of vehicles, batteries, and components to boost mass adoption of electric vehicles by 2030, industry body Confederation of Indian Industry (CII) has said. […] Read more
Over 90% of Electric 2Ws in India To Lose FAME II Subsidy: Report Updated On Mon, Apr 8th, 2019 by Saurenergy A shocking discovery has been made for the Indian electric two-wheeler manufacturers, the much-awaited FAME II scheme eligibility criteria will see around 95% of the existing electric two-wheelers miss the subsidy support, says a report by CRISIL. On March 28, 2019, the Ministry of Heavy Industry and Public Enterprise issued a notification, which laid out […] Read more
Success of FAME II, Other Measures Help in Realizing High EV Penetration by 2030: Niti Report Updated On Sat, Apr 6th, 2019 by Saurenergy Niti Aayog in its report said that, “According to the analysis, if FAME II and other measures – in public and private space – are successful, India could realize EV sales penetration of 30% of private cars, 70% of commercial cars, 40% of buses and 80% of two and three-wheelers by 2030.” On the back […] Read more
Public Transport Permit Mandatory for Commercial EVs To Avail FAME-II Incentives Updated On Fri, Mar 29th, 2019 by Saurenergy The Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme in its second phase starting next week, has made Public transport Mandatory for commercial EVs. From April 1, the owners of commercial electric vehicles (three wheelers and four wheelers) will be required to have a public transport permit from a government agency in […] Read more
Cabinet Approves Second Phase of FAME Scheme with Outlay of Rs 10,000 Cr Updated On Fri, Mar 1st, 2019 by Saurenergy The Union cabinet has approved the second phase of the FAME scheme with an incentive layout of Rs 10,000 crores. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for the implementation of the Rs 10,000-crore Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme for promotion […] Read more
Budget 2019: Govt Hikes Allocation under FAME Scheme by 34.5% to Rs 195 Cr Updated On Wed, Feb 6th, 2019 by Saurenergy The government had allocated Rs 145 crore for the current financial year, as per the Union Budget revised data for the financial year 2018-19. With an aim to provide further boost for the adoption and manufacturing of electric vehicles in India, the Central Government has increased the sum allotted under its ambitious FAME India (Faster […] Read more
Govt Extends FAME-I for 6 Months; Withdraws Conventional Battery Vehicles Sops Updated On Fri, Sep 28th, 2018 by Saurenergy The Heavy Industries Ministry said in a statement that, incentives in the remaining period of the scheme shall only be available for registered vehicles. In a bid to promote electric and hybrid vehicles, the Government of India has extended the first phase of the FAME-India scheme by another 6 months till March 31, next year. However, it […] Read more
