Ministry supports 1.65 lakh EV amounting to Rs. 564 Cr
Electric Vehicles

Ministry supports 1.65 lakh EV amounting to Rs. 564 Cr

The Ministry also sanctions 2,877 EV Charging Stations amounting to Rs. 500 crore in 68 cities across 25 states/UTs

  • By ICN Bureau | December 02, 2021

The Ministry of Heavy Industries (MHI) under Phase-II of FAME India Scheme has supported about 1.65 lakh electric vehicles as on 25th November 2021 by way of demand incentive amounting to about Rs. 564 crore, says Minister of State for Heavy Industries, Krishan Pal Gurjar in Lok Sabha. 

Further, 6,315 electrical buses have been sanctioned to various state/city transport undertakings under Phase-II of the Scheme. 

The Ministry has also sanctioned 2,877 Electric Vehicles (EVs) Charging Stations amounting to Rs. 500 crore in 68 cities across 25 states/UTs and 1,576 charging stations amounting to Rs. 108 crore across 9 Expressways and 16 Highways under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II. 

Based on the outcome and experience gained during Phase-I of FAME India Schemeand after having consultations with all stakeholders, including Industry and industryAssociations, 

The Government has notified Phase-II of FAME India Scheme on 8th March, 2019 for a period of 5 years with effect from 1st April, 2019 with a total budgetary support of Rs. 10,000 crore. This phase focuses on supporting electrification of public and shared transportation and aims to support, through subsidies, approximately 7,000 e-Buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars and 10 lakh e-2Wheelers. In addition, creation of charging infrastructure is also supported to address range anxiety among users of electric vehicles. 

In the First Phase of the Scheme, about 2.8 lakh hybrid and electric vehicles were supported by way of demand incentive, amounting to about Rs. 359 crore. MHI had also sanctioned 425 electric and hybrid buses to various cities in the country with a total cost of about 280 crore. The Ministry of Heavy Industries had sanctioned about 520 charging stations/infrastructure for Rs. 43 crore under Phase-I of FAME India Scheme.

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization

Green hydrogen can be an important lever to achieve net zero by 2070
Green hydrogen can be an important lever to achieve net zero by 2070
Nikhil Kalane Consultant, Management Consulting - Energy and Chemicals, PWC

Research is the foundation of building the future
Research is the foundation of building the future
Samir Somaiya Chairman and Managing Director, Godavari Biorefineries Ltd

FY 2022-23 is going to continue to be a tough year
FY 2022-23 is going to continue to be a tough year
Maulik D. Mehta CEO & Executive Director, Deepak Nitrite Limited