The document summarizes the key points from a presentation on the Union Budget and electric vehicles in India. Some of the main points included in the Union Budget to promote electric vehicles are income tax rebates up to ₹1.5 lakh for customers purchasing electric vehicles and customs duty exemption on lithium-ion cells to lower battery costs. The FAME II scheme allocates ₹10,000 crore over three years for electric vehicles. Makers of electric vehicle components will also receive tax exemptions. The market share of electric vehicles in India is currently only 0.06% compared to 2% in China and 39% in Norway due to lack of charging infrastructure and high costs. The FAME II scheme aims