Finally, the country’s electric vehicles industry and technology companies can look to produce more pollution-free vehicles — the much-awaited second phase of EV policy, called Faster Adoption and Manufacturing of Electric Vehicles in India or FAME II, has been approved by the Indian government with an outlay of Rs.10,000 Cr ($1.4 bn) to be invested over a period of three years. This scheme is the second phase of the present scheme, FAME India I, which was launched on April 1, 2015, with an outlay of Rs.895 Cr ($126.2 mn). As part of the scheme, the government will offer an upfront incentive on the purchase of EVs. With the emphasis on electrification of public transportation, including shared transport, FAME II has envisaged benefits.

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