Current Affairs

Government Introduces FAME II Scheme

Government of India introduced the FAME II scheme to boost the adoption of electric and hybrid vehicles.
Government Introduces FAME II Scheme

About the scheme and its benefits:

  • The scheme estimates that India as a country can save 64% of anticipated road-based mobility related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric and connected mobility future.
  • This reduction in energy demand would result in the reduction of 156 million tonnes of oil equivalent (Mtoe) in diesel and petrol consumption for that year and net saving of approximately $60 billion in 2030 at present oil prices.
  • Further, this would give impetus to India's vision of reducing oil imports by 10% by 2022.

One must know:

  • The transport sector in India continues to be the highest oil consuming sector and the use of diesel and petrol grew at 5.9% and 9.9% respectively in the last 10 years.
  • India's import dependency on oil has increased from 78.3% of total consumption in 2014-15 to settling at a new high of 83.7% in the 10-month period of FY19.

Question:

Q. Government of India has introduced which scheme to boost the adoption of electric and hybrid vehicles? 
a. CLEAN II
b. HYBRID II
c. FAME II
d. EV II
Government Introduces FAME II Scheme Government Introduces FAME II Scheme Reviewed by Neha on May 09, 2019 Rating: 5

No comments:

Join 8,000+ readers and get free notes in your email