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FAME Subsidy in India: How to Apply Online, Eligibility, Benefits & Impact on Car Insurance
India's shift towards electric mobility has been shaped by policy support, charging infrastructure, and lower running costs. The FAME scheme supported clean mobility and encouraged eligible electric vehicle adoption. For buyers, the FAME subsidy helped reduce upfront cost when the vehicle and manufacturer met scheme conditions.
However, the FAME 2 subsidy period has ended, so buyers should verify current central or state EV benefits before purchase. The government has continued EV support through newer initiatives like PM E-DRIVE, while discussions around future FAME phases remain focused on strengthening electric mobility.
Let’s learn how the scheme worked, who qualified, and how it connects with EV insurance.