The scheme aims to accelerate the adoption of electric vehicles (EVs) in India, focusing on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), electric buses, and other emerging EV categories.
Background and Evolution of EV Promotion Schemes The PME-DRIVE Scheme follows the earlier Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME-I) and FAME-II programs.
Launched in 2015, the FAME-I scheme had an initial outlay of Rs795 crore, later extended to Rs895 crore.
After a review of FAME-I, the government introduced FAME-II in 2019 with a much larger budget of Rs10,000 crore, which was later enhanced to Rs11,500 crore to extend its support for electric mobility until March 2024.
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