Fame India Movement: Revolutionize Mobility
Pollution from carbon emissions has significantly increased in recent years. The government has launched Fame India Scheme to counter the problem caused by petrol and diesel vehicles. The government took this initiative to promote the adoption of EVs and hybrids.
On April 1st, 2019, the Indian government launched the Fame India Scheme, which had a budget of Rs 10,000 crores. The scheme’s purpose was to promote the adoption and manufacturing of hybrid and electric vehicles and encourage the use of renewable energy by providing subsidies and other benefits. The government has recently launched phase 2 of the Fame scheme to support electric vehicle development further.
In the second phase, the government continues to subsidize the EV two-wheelers, which will significantly benefit the customers to avail the EVs at a more affordable price. To minimize the cost of EVs, the government is providing incentives to the manufacturers involved in developing EVs, lithium-ion batteries, manufacturers, and buyers.
During the first phase, the government aimed to create demand for EVs, providing platforms for technological advancements, encouraging pilot projects, and building infrastructure for charging stations. In the second phase, the government will offer two-wheelers at about 50% more subsidized rate. The objective is to reduce the dependency on the Gulf countries for fossil fuels and reduce carbon emissions from petrol and diesel vehicles that significantly impact climate change.
Furthermore, the government aims to make EVs more accessible; the scheme has been developed and extended from time to time since its launch. The current project is valid till 2024 when the incentive is calculated based on the category and specification of the vehicle and the battery.
During the first phase, 427 charging stations were installed, with a sale of nearly 2.8 lakh EVs. In contrast, in the second phase, electrification of public transport, the government has allocated a fund of Rs 10,000 crores.
In addition, an incentive of Rs 20,000 each is an incentive for about 10 lakh EVs. E-rickshaws e-buses will also receive incentives according to the specifications. Regarding hybrid four-wheelers, they are limited to receiving a minimum amount of Rs 13,000-20,000 on an ex-factory rate of Rs 15 lakh.
Despite the government’s efforts to provide schemes and incentives, the end users are not benefiting much. Almost 90% of the two-wheelers don’t receive benefits because their battery size is smaller than 2.5 kWh, which doesn’t fall under the scheme.
Therefore, to achieve the desired goal, the government must introduce a better incentive scheme for making EVs and Hybrid vehicles more affordable and accessible and further mitigate dependency on the Gulf for fuel imports.
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