A Sustainable Asset Valuation of the FAME II policy in India

The document assesses the FAME II policy in India, a funding scheme with a budget of INR 100 billion (USD 1.2 billion) designed to support the electrification of public and shared transportation through government subsidies. The analysis evaluates different scenarios regarding the allocation of subsidies and the cost-sharing balance between the government and consumers. Findings indicate that the policy stimulates economic growth and provides significant benefits, including employment creation and the avoidance of costs associated with fuel use, air pollution, and carbon dioxide emissions from internal combustion engine vehicles.

• The FAME II policy is implemented as a funding scheme with a total budget of INR 100 billion (USD 1.2 billion) provided by the National Government of India to urban authorities over five years to support the electrification of public and shared transportation.
• The policy is projected to generate economic growth and deliver social and environmental advantages, specifically through the creation of jobs and the avoidance of costs related to fuel use, carbon dioxide emissions, and air pollution from internal combustion engine vehicles.
• The analysis emphasizes the necessity of balancing the level of government subsidy to maximize the number of subsidized electric vehicles while maintaining sufficient incentives for private sector and household adoption.

APA

Bassi,, M. K. (2024). A Sustainable Asset Valuation of the FAME II policy in India. International Institute for Sustainable Development. https://www.iisd.org/publications/report/savi-electric-vehicles-india-fame-policy

Chicago

Bassi,, Michail Kapetanakis,Andrea. A Sustainable Asset Valuation of the FAME II policy in India. International Institute for Sustainable Development, 2024. https://www.iisd.org/publications/report/savi-electric-vehicles-india-fame-policy.

Wikipedia

{{cite report |last1=Bassi, |first1=Michail Kapetanakis,Andrea |title=A Sustainable Asset Valuation of the FAME II policy in India |publisher=International Institute for Sustainable Development |date=20 February 2024 |url=https://www.iisd.org/publications/report/savi-electric-vehicles-india-fame-policy |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{bassi2024sustainable, author = {Bassi,, Michail Kapetanakis,Andrea}, title = {{A Sustainable Asset Valuation of the FAME II policy in India}}, institution = {International Institute for Sustainable Development}, year = {2024}, month = feb, url = {https://www.iisd.org/publications/report/savi-electric-vehicles-india-fame-policy}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }