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EVs under FAME-II will help to save oil worth Rs 17.2 thousand cr: NITI Aayog

A report has been released by NITI Aayog and the RMI talking about the opportunities for the automobile sector in India and the FAME-II scheme. The report, "India’s Electric Mobility Transformation: Progress to Date and Future Opportunities" discussed oil and carbon savings vehicles under the FAME II scheme that could be delivered. EVs under FAME-II will help to save oil worth Rs 17.2 thousand crores, a report said.