Vision Viksit Bharat @2047 – Electric Vehicles Part 1: Driving Change – India’s EV Revolution So Far
Introduction India’s electric vehicle (EV) story isn't just about cleaner transport—it’s about transformation. Under the banner Vision Viksit Bharat @2047, the nation has made real strides in EV manufacturing, adoption, R&D, and exports. This blog explores how far we've come and sets the foundation for what’s next. 1. Policy Foundations: From FAME to PLI FAME (Faster Adoption and Manufacturing of Electric Vehicles) Since 2015, the FAME initiative has laid the groundwork for India's EV ecosystem. Financial incentives under FAME I and II accelerated adoption across two-, three-, and four-wheelers, and supported charging infrastructure development (Influence Map, The Economic Times). A think-tank report highlights how FAME, combined with Production-Linked Incentives (PLIs), forms a coherent industrial policy package to boost EV manufacturing and component localization (Harvard Kennedy School). Recommendations include creating a taxonomy of domestically produced compone...