766,478 electric vehicles supported under Phase-II of FAME India Scheme
Electric Vehicles

766,478 electric vehicles supported under Phase-II of FAME India Scheme

The Ministry has also sanctioned 2,877 charging stations in 68 cities across 25 states/UTs under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II

  • By ICN Bureau | December 24, 2022

Under Phase-II of Faster Adoption and Manufacturing of Electric Vehicles (FAME India) Scheme, 7,66,478 Electric Vehicles have been supported till 19th December, 2022 by way of demand incentive amounting to about Rs. 3,311 crore.

Further, the Ministry of Heavy Industries has sanctioned 6,315 e-buses to 65 cities/STUs/CTUs/ State Government entities for intracity and intercity operations across 26 states/UT under the Scheme. 

Budgetary allocation and utilization to implement Phase II of FAME–India Scheme

Financial Year

Budget Allocation

Fund Utilization as on 30.11.2022

2019-2020

Rs. 500 Cr

Rs. 500 Cr

2020-2021

Rs. 318.36 Cr

Rs. 318.36 Cr

2021-2022

Rs. 800 Cr

Rs. 800 Cr

2022-2023

Rs. 2,903.08 Cr

Rs. 1,128.45 Cr

 The Ministry has also sanctioned 2877 charging stations in 68 cities across 25 states/UTs under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II.

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2024, 11-12 July 2024, Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization