Governments in Emerging Markets and Developing Economies
Year Signed
2022 EV Sales Share

Charging Infrastructure Policies
FAME II set the target of installation of 2,700 charging stations in cities with over 1 million population. In February 2023, the Ministry of Heavy Industries announced Rs 800 crores in funding to deploy 7,432 public fast-charging stations, covering 80% of upstream infrastructure costs. Each state has support for charging infrastructure and battery swapping to promote the transition to electric two- and three-wheeler vehicles in the ridesharing and delivery sectors.

Vehicle Incentives
India’s FAME II program provides funding for the purchase of two- and three-wheelers, buses, and passenger cars, ranging from Rs 10,000 to Rs 20,000 per kWh of battery capacity. India’s state-level subsidies varies from flat purchase subsidy to a percentage of the EV’s purchase price or vehicle battery capacity.