What is the primary focus of FAME-II, and how has the recent additional allocation of Rs 1,500 crore contributed to its objectives?

Solution

FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India) is a scheme implemented by the Ministry of Heavy Industries, focusing on the electrification of public and shared transportation. The recent additional allocation of Rs 1,500 crore is aimed at sustaining the scheme and achieving its objectives. The scheme's primary goals include supporting the adoption of electric buses, three-wheelers, four-wheeler passenger cars, and two-wheelers through demand incentives. The government's emphasis on public and shared transportation is evident in the increased targets for electric two-wheelers (e2Ws), three-wheelers (e3Ws), and four-wheelers (e4Ws), indicating a commitment to encouraging the use of electric vehicles in these segments.