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ARTICLE · 16 OCTOBER 2024

PM Electric Drive Revolution In Innovative Vehicle Enhancement Scheme

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Given India's commitments concerning emission reduction, and acheivment of net zero emissions by 2070, adoption of electric vehicles ("EV") would play a cruicial role in the years to come.

IndiaTransport
Venkatesh Raman Prasad
Venkatesh Raman Prasad
Shivani Chugh
Shivani Chugh
Sweta Singh
Sweta Singh
Stuti Modi
Stuti Modi
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Given India's commitments concerning emission reduction, and acheivment of net zero emissions by 2070, adoption of electric vehicles ("EV") would play a cruicial role in the years to come. To this end, the Government of India ("GOI") has been taking various steps to promote adoption and manufacturing of EV in India and setting up of charging infrastructure to promote e-mobility in India including the following:

  1. FAME I: In 2015, GOI had launched Phase I of 'Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India' for a period of 2 (two) years with an initial outlay of INR 795,00,00,000 (Indian Rupees seven hundred and ninety-five crore), which was subsequently extended upto 2019 with increased outlay of INR 895,00,00,000 (Indian Rupees eight hundred and ninety-five crore);

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