16.15 Lakh Electric Vehicles Supported Under FAME India Phase-II: Government
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Synopsis
As of March 11, the total number of electric vehicles incentivized under the FAME India Phase-II scheme has reached 16,15,080, primarily driven by electric two-wheelers. The initiative has seen significant government support and funding for infrastructure development.
Key Takeaways
- 16,15,080 electric vehicles incentivized under FAME II.
- 14,28,009 electric two-wheelers received incentives.
- Funding for e-buses and EV charging stations.
- 6,862 electric buses sanctioned for intra-city use.
- Government allocated Rs 800 crore for charging stations.
New Delhi, March 18 (NationPress) Driven by electric two-wheelers, the total count of electric vehicles (EVs) supported under the FAME India Scheme Phase-II has reached 16,15,080 as of March 11, according to a statement from the government on Tuesday.
Out of these, 14,28,009 electric two-wheelers received incentives, alongside 1,64,523 electric three-wheelers and 22,548 electric four-wheelers, as reported by Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, in a written reply to the Lok Sabha.
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II was initiated for a duration of five years starting from April 1, 2019, with a total budgetary allocation of Rs 11,500 crore.
This scheme has incentivized the purchase of electric vehicles, which include e-2Ws, e-3Ws, and e-4Ws.
In addition, funding for the introduction of e-buses and the establishment of EV public charging stations (EVPCS) was also part of this initiative.
A total of 6,862 electric buses were approved for intra-city operations under the FAME-II Scheme. Out of these, 5,135 e-buses have been delivered as of February 28, according to the minister.
The Ministry of Heavy Industries has allocated Rs 800 crore in March 2023 to three oil marketing companies (OMCs) – Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) – to establish 7,432 public charging stations (PCS) at their retail sites nationwide.
Additionally, Rs 73.50 crore has been earmarked for upgrading 980 public charging stations in March 2024. Furthermore, 400 charging stations were sanctioned through EOI to various entities across different states.
The government endorsed the PLI-Auto scheme on September 9, 2021, targeting the automobile and auto component sector in India, aiming to enhance the country's manufacturing prowess for advanced automotive technology (AAT) products, supported by a budget of Rs 25,938 crore.
This initiative offers financial incentives to promote domestic production of AAT products with a minimum of 50 per cent domestic value addition (DVA) and to attract investments in the automotive manufacturing sector.
On May 12, 2021, the government also greenlit the PLI scheme for the manufacturing of ACC in the country, with a budget of Rs 18,100 crore. This scheme aims to create a competitive domestic manufacturing environment for 50 GWh of ACC batteries.
Also, the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, announced in September last year with a budget of Rs 10,900 crore, seeks to support electric vehicles, including e-2Ws, e-3Ws, e-Trucks, e-buses, e-Ambulances, EV public charging stations, and upgrades for vehicle testing agencies.
Moreover, the PM e-Bus Sewa-Payment Security Mechanism (PSM) scheme, with a budget of Rs 3,435.33 crore, aims to facilitate the deployment of over 38,000 electric buses, as stated by the minister.
