The Indian Automobile sector can be said to be broadly divided into 79% of Two Wheelers, 4% of 3 Wheelers , 12% of economy cars, 2% of High end cars and rest forming other vehicle segments. The Growing prices of Fossil fuels and an increased awareness of Environment protection has lead the world including India to adopt Green Vehicle Technology. The Phase -II of FAME Scheme has an out lay of 10,000 crore for a period of 3 years from 1st April 2019. 86% of the fund has been allocated for creating a demand of XEVs . The Fame -II aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers. This opens up the investment for about US$180 bln by 2030 and an annual battery capacity requirement of 158 Gwh. The sales of electric vehicle is also expected to grow from half million in FY2020 to 100 mln by 2030.
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