A total of 1.6 million electric vehicles (EVs) have been incentivised under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India)-II scheme, the government said on 2nd January, 2025.

It includes 1.4 million electric two-wheelers (e-2Ws), 159,000 e-3Ws, 22,548 e-4Ws and 5,131 e-buses.

Additionally, 10,985 EV public charging stations (PCS) have been sanctioned, with 8,812 allocated for installation.

As of October 31st, 2024, a total of Rs. 88.4 billion (US$ 1.1 billion) has been spent, including Rs. 65.8 billion for subsidies, Rs. 22.4 billion for capital assets, and Rs. 230 million for other expenses, according to Ministry of Heavy Industries.

The scheme includes a phased manufacturing program and has supported significant policy initiatives, such as reducing GST on EVs and enabling state EV policies, contributing to India's transition to sustainable mobility.

The first phase of the scheme was initially approved for a period of two years, commencing from April 1st, 2015.

After successful implementation of the scheme, the second phase - FAME-II - was launched in 2019 with an outlay of Rs. 115 billion to provide incentives for electric vehicles, including two, three, four wheelers, electric buses and EV public charging stations.

The Ministry of Heavy Industries has been promoting the adoption of EVs in India.

On September 29th, 2024, the ministry notified the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme to accelerate EV adoption, establish charging infrastructure and foster the development of the EV manufacturing ecosystem in the country.

The scheme has a budget of Rs. 109 billion for a two-year period. Of the total allocated budget, Rs. 20 billion has been kept for the installation of EV public charging stations (EVPCS).