The NITI Aayog and the Rocky Mountain Institute (RMI) released a report on opportunities for the automobile sector and government. It was under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme.
The technical report titled ‘India’s Electric Mobility Transformation: Progress to Date and Future Opportunities’. Itquantifies the direct oil and carbon savings that the vehicles incentivized under FAME II will deliver. RMI is an Indian and global nonprofit organisation focused on driving the efficient and restorative use of resources.
This report also quantifies the catalytic effect that FAME II and other measures could have on Electric Vehicle(EV) market. It envisions scenario if FAME II and other measures are a success.
The FAME II scheme was notified by the Union Cabinet in February 2019. The scheme aims to further accelerate the government of India’s commitment to a clean mobility future.
FAME II intends to catalyze the market for faster adoption of EVs. It is to ensure durable economic growth and global competitiveness for India’s automotive industry.