
The Government of India has effectively implemented the Faster Adoption and Manufacturing of Electric Vehicles (FAME India) Scheme in two phases, Phase I (April 1, 2015, to March 31, 2019) and Phase II (April 1, 2019, to March 31, 2024). The initiative has played a significant role in accelerating electric vehicle (EV) adoption, expanding charging infrastructure, and encouraging domestic manufacturing.
Phase I served as a pilot phase, aimed at evaluating technological feasibility and gauging market response. Key achievements include:
FAME II was rolled out with a substantial budget of ₹11,500 crore to scale up adoption and infrastructure. Its key outcomes include:
To further address technological challenges, strengthen R&D, and build a robust EV ecosystem, the government launched the PM E-DRIVE Scheme. Key measures under this initiative include:
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Published on: Mar 25, 2026, 11:09 AM IST

Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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