Efforts made by Indian Government:
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The National Electric Mobility Mission Plan (NEMMP) 2020
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National Mission document provides the vision and the roadmap for the faster adoption of electric vehicles and their manufacturing in the country.
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Under the NEMMP 2020, there is an ambitious target to achieve 6-7 million sales of hybrid and electric vehicles by the year 2020.
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‘Faster Adoption and Manufacturing of Hybrid and Electric Vehicles’
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FAME-I
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The government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme in 2015 which provided subsidies for electric 2- and 3-wheelers, hybrid and e-cars and buses.
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FAME-II
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Government has approved Phase-II of FAME Scheme:
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to create demand for EVs in the country.
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To give incentives for electric buses, three-wheelers and four-wheelers to be used for commercial purposes.
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NITI Aayog proposal
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A proposal for a $4.6 billion subsidy for battery makers has also been proposed by the NITI Aayog.
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These policies are embedded with the vision to have 30% of electric vehicles plying the roads by 2030.
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Attracting foreign automobile companies to set up base in India
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Japanese automobile major Suzuki Motor formed a consortium with Japanese automotive component manufacturer Denso and multinational conglomerate Toshiba to set up a manufacturing unit in Gujarat.
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The unit will get into the production of lithium-ion batteries and electrodes.
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Established Khanij Bidesh India Limited (KABIL) : to scout for strategic mineral assets like lithium and cobalt abroad for commercial use and for supplying to meet the domestic requirement for battery manufacturers.