Second phase of the FAME scheme. It provides subsidies for the purchase of electric two-, three-wheelers, hybrid and electric cars and buses. The overall budget is INR 100 billion (USD 1.4 billion), to be used for upfront incentives on the purchase of EVs (INR 85.96 billion) and for supporting the deployment of charging infrastructure (INR 10 billion). IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]