Cabinet Supports FAME India Phase II Scheme Worth Rs. 10,000 Crores

The Union Cabinet has announced that it has permitted a proposal for execution of a scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' for promotion of Electric Mobility in the country.

"The scheme with a complete expenditure of Rs 10,000 Crores over the period of three years will be executed with effect from 1st April 2019, over three years from 2019-20 to 2021-22,” an official announcement said.

This scheme is the extended version of the present scheme titled 'FAME India 1 which was launched on 1st April 2015, with a complete expense of Rs 895 crores.

Through this scheme, the stress is on electrification of the public transportation that includes shared transport. Demand incentives on operational expenditure mode for electric buses will be transported through state/city transport corporation (STUs).

In three and four wheeler segment incentives will be pertinent mostly to vehicles used for public transport or registered for commercial purposes. In the e-two wheelers segment, the focus will be on private vehicles.

The government plans to support ten lakhs e-2W, five Lakhs e-3W, 55,000 4Ws and 7,000 buses.

To boost advanced technologies, the benefits of incentives, will be stretched to only those vehicles which are fitted with advanced battery like a lithium-ion and other new technology batteries.

The scheme recommends formation of charging infrastructure, whereby about 2,700 charging stations will be established in metros, other million-plus cities, smart cities and cities of hilly states across the country so that there is accessibility of at least one charging station in a grid of 3 km x 3 km.

Policies & Regulations | News published on 01/03/2019 by Moulin

 
 
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