As per the Minister of State in the Ministry Heavy Industries and Public Enterprises, GM Siddeshwara, initially there was lack of demand of electric and hybrid vehicles in absence of demand incentives. However, due to introduction of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme, the demand of hybrid and electric vehicles started picking up.
He further mentioned that as per the National Mission on Electric Mobility, if present scheme continue till 2020, it is expected to save approximately 9,500 million litre of crude oil equivalent of Rs 62,000 crores.
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