CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is option FAME. The FAME (Faster Adoption and Manufacture of Electric Vehicles) was launched in 2015 to promote electric and hybrid vehicle technology to ensure growth.

Detailed explanation-2: -Fame India scheme is an incentive scheme that encourages the adoption of electric and hybrid vehicles. The full form of Fame India scheme is “Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India”.

Detailed explanation-3: -The second phase (FAME II) is a 3-year subsidy programme. It aims at supporting the electrification of public and shared transportation: around 7,000 electric and hybrid buses, 500,000 lakh electric three wheelers, 55,000 electric four wheeler passenger cars, and 1 million electric two wheelers.

Detailed explanation-4: -Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India in Short FAME India Scheme is the Initiative of the Government of India to Reduce the use of Diesel and Petrol Powered Vehicles in the country. The project is an integral part of the Government’s National Electric Mobility Mission Plan (NEMMP).

Detailed explanation-5: -Phase I lasted from 2015 to 2019 and Phase II of FAME was launched in 2019 and is expected to be completed by 2022. The Central government has increased the subsidy under the second phase of the FAME India scheme on electric two-wheelers by 50 percent.