Drive Electric Expo 2022
The Indian Automobile sector can be said to be broadly divided into 79% of two-wheelers, 4% of three-wheelers, 12% of economy cars, 2% of high-end cars and the rest forming other vehicle segments. The rising prices of Fossil fuels and an increased awareness of Environment protection lead the world, including India, to adopt Green Vehicle technology. The Phase-II of the FAME scheme has an outlay of Rs 10,000 crore for a period of 3 years from 1st April 2019. Of total, 86% of the fund has been allocated for creating a demand of XEVs.
The FAME-II aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers. Such schemes open up the way for attracting an investment of about $180