NATIONAL LEVEL POLICY
NATIONAL LEVEL POLICY
To assist the acceptance of electric vehicles (EVs) in the country, the central government has announced a number of promotional measures in the previous ten years, including tax incentives for electric vehicle owners, public EV charging infrastructure development, and so on.
Timeline for various initiatives taken by policymakers and regulators:
1.Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) – I and II:
FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles, is currently India’s flagship scheme for promoting electric mobility. It was launched by DHI in 2015. Currently in its 2nd phase of implementation, FAME-II is being implemented for a period of 3 years, eff. 1st April 2019 with a budget allocation of 10,000 Cr which includes a spillover from FAME-I of Rs 366 Cr. The incentives offered in the scheme are:
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