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Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME India) scheme rolled out in april, 2015 by Union Minister for Heavy Industries and Public Enterprises
The scheme will help promote use of electric and hybrid vehicles, and initially, a subsidy of 30% will be provided to the buyers.
Phased replacement of fossil fuel-based vehicles with those based on latest technologies will lead to a net saving of Rs 14,000 crore.
The scheme is proposed to be implemented over six years, till 2020, which looks at sales of electric and hybrid vehicles up to 60-70 lakh units per year.