FAME (Faster Adoption and Manufacturing of Electric Vehicles)

FAME (Faster Adoption and Manufacturing of Electric Vehicles) is a scheme launched by the Indian government to promote the adoption of electric vehicles in the country. The scheme has two phases, FAME 1 and FAME 2. FAME 1 was implemented between 2015 and 2019, while FAME 2 was launched in 2019 and is set to conclude in 2024. Under FAME 2, the government aims to support the deployment of 7,090 electric buses. The scheme provides financial incentives to manufacturers and buyers of electric vehicles. The PM-eBus Sewa initiative, approved by the Cabinet in August 2023, is a part of FAME 2 and aims to deploy 10,000 electric buses in 169 cities across India. The scheme is expected to create 45,000 jobs and foster innovation in the e-mobility sector. The PM-eBus Sewa scheme is set to be rolled out in 5-6 months and aims to provide 10,000 electric buses to 169 cities through a public-private partnership. The scheme is expected to have an estimated cost of ₹57,613 crore, of which ₹20,000 crore will be provided by the central government. PPP models can help to reduce the financial burden on the government and promote innovation in the sector. The approved bus scheme will augment city bus operations with 10,000 e-buses on a PPP model. The scheme is further expected to enhance green mobility across several cities and significantly boost the landscape of cleaner public transport. The PM-eBus Sewa scheme is a significant step towards a greener and more sustainable future for India, and PPP models can help to accelerate the adoption of e-mobility in the country. Another big benefit being in many of these selected cities such public bus transport services are being introduced for the first time. Huge positive for public convenience and climate.