A complete of 16.15 lakh electrical autos (EVs) have been incentivised below the Quicker Adoption and Manufacturing of Hybrid and Electrical Autos in India (FAME India)-II scheme, the federal government stated on Thursday.
It consists of 14.27 lakh electrical two-wheelers (e-2Ws), 1.59 lakh e-3Ws, 22,548 e-4Ws and 5,131 e-buses.
Moreover, 10,985 EV public charging stations (PCS) have been sanctioned, with 8,812 allotted for set up.
As of October 31, 2024, a complete of Rs 8,844 crore has been spent, together with Rs 6,577 crore for subsidies, Rs 2,244 crore for capital belongings, and Rs 23 crore for different bills, in keeping with Ministry of Heavy Industries.
The scheme features a phased manufacturing program and has supported important coverage initiatives, reminiscent of decreasing GST on EVs and enabling state EV insurance policies, contributing to India’s transition to sustainable mobility.
The primary part of the scheme was initially authorised for a interval of two years, commencing from April 1, 2015.
After profitable implementation of the scheme, the second part — FAME-II — was launched in 2019 with an outlay of Rs 11,500 crore to offer incentives for electrical autos, together with two, three, 4 wheelers, electrical buses and EV public charging stations.
Total, as many as 25,202 public charging stations for EVs have been put in within the nation thus far. Karnataka leads with 5,765 EV public charging stations, adopted by Maharashtra at 3,728 and Uttar Pradesh at 1,989.
The Ministry of Heavy Industries has been selling the adoption of EVs in India. On September 29, 2024, the ministry notified the PM Electrical Drive Revolution in Revolutionary Automobile
Enhancement (PM E-DRIVE) scheme to speed up EV adoption, set up charging infrastructure and foster the event of the EV manufacturing ecosystem within the nation.
The scheme has a finances of Rs 10,900 crore for a two-year interval. Of the whole allotted finances, Rs 2,000 crore has been stored for the set up of EV public charging stations (EVPCS).
