{"id":269165,"date":"2023-11-14T18:35:45","date_gmt":"2023-11-14T13:05:45","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=269165"},"modified":"2023-11-14T18:35:45","modified_gmt":"2023-11-14T13:05:45","slug":"fame-scheme-firmer-push-for-local-ev-production-in-fame-iii","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/fame-scheme-firmer-push-for-local-ev-production-in-fame-iii\/","title":{"rendered":"FAME Scheme: Firmer push for local EV production in FAME-III"},"content":{"rendered":"

Source: <\/b>The post is based on the article<\/span> \u201cFAME Scheme: Firmer push for local EV production in FAME-III\u201d <\/b>published in<\/span> \u201cLive mint\u201d on 14th November 2023<\/b><\/p>\n

Why in the News?<\/strong><\/h2>\n

The Union ministry of Heavy Industries (MHI) is considering introducing a 50% domestic value addition (DVA)<\/strong> requirement under the proposed Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India(FAME) III.<\/span><\/p>\n

Note:<\/b> Domestic Value Addition(DVA) is currently implemented under production linked incentive (PLI) schemes, wherein selected applicants need to apply for DVA certification and only after they receive the certification do they become eligible for the incentive.<\/span><\/p>\n

What is a FAME Scheme?<\/strong><\/h2>\n
\"FAME
Source:<\/strong> Livemint<\/figcaption><\/figure>\n\n\n\n\n\n\n\n\n
Specifications<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
Launched in\u00a0<\/b><\/td>\n2015<\/td>\n<\/tr>\n
Full Form<\/b><\/td>\nFaster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India)<\/td>\n<\/tr>\n
Nodal Ministry<\/b><\/td>\nMinistry of Heavy Industries<\/td>\n<\/tr>\n
Part of<\/b><\/td>\nNational Electric Mobility Mission Plan<\/td>\n<\/tr>\n
Aim<\/b><\/td>\nTo promote adoption of electric\/hybrid vehicles (xEVs) in India.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What are the different phases under the FAME Scheme?<\/h2>\n

1)Phase I: <\/b>It was started in 2015 and was functional till 2019. It had four focus areas: technological development, demand generation, pilot project and charging infrastructure components.\u00a0<\/span><\/p>\n

2)Phase II: <\/b>It was launched in 2019. It <\/span>mainly focuses on supporting electrification of public & shared transportation.<\/span><\/p>\n

\u2013 It aims to generate demand of electric vehicles supporting <\/span>7000 Electric Buses<\/b> (e-bus), <\/span>5 lakh Electric Three Wheelers (e-3W)<\/b>, <\/span>55000 Electric Four Wheeler Passenger Cars<\/b> (including Strong Hybrid) (e-4W)and <\/span>10 lakh Electric Two Wheelers<\/b> (e-2W).\u00a0<\/span><\/p>\n

UPSC Syllabus<\/strong>: Schemes and Programs<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cFAME Scheme: Firmer push for local EV production in FAME-III\u201d published in \u201cLive mint\u201d on 14th November 2023 Why in the News? The Union ministry of Heavy Industries (MHI) is considering introducing a 50% domestic value addition (DVA) requirement under the proposed Faster Adoption and Manufacturing of… Continue reading FAME Scheme: Firmer push for local EV production in FAME-III<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1760,956,1],"tags":[11872,10501],"class_list":["post-269165","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-polity-and-nation","category-schemes-and-programs","category-uncategorized","tag-9pm-daily-factly","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":4,"cached_at":"","cached_date":1700003053},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/269165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=269165"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/269165\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=269165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=269165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=269165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}