MONDAY, JUNE 09, 2025
FAME India Phase-II Scheme supports over 16.14 lakh EVs: Centre
Published on Feb 13, 2025
By IANS
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- NEW DELHI — As India doubles down on the local manufacturing of electric vehicles (EVs), the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) Scheme Phase-II has supported more than 16.14 lakh EVs, the government said on Thursday.
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- FAME India Phase II scheme was implemented for a period of five years from April 1, 2019 with a total budgetary support of INR 11,500 crore.
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- The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations.
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- Under the FAME India Phase-II Scheme, as on December 31, 2024, at least 16,14,737 EVs have been supported, said Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, in a written reply in the Rajya Sabha.
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- It includes 14,28,009 two-wheelers, 1,64,180 three-wheelers and 22,548 four-wheelers.
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- The Ministry of Heavy Industries has implemented several schemes to strengthen the EV ecosystem and accelerate adoption of electric vehicle in the country.
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- The production-linked incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto) was approved on September 23, 2021 for automobile and auto component industry for enhancing India's manufacturing capabilities for advanced automotive technology (AAT) products with a budgetary outlay of INR 25,938 crore.
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- The scheme proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50 per cent domestic value addition (DVA) and attract investments in the automotive manufacturing value chain.
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- The PLI Scheme for Advanced Chemistry Cell (ACC) was approved on May 12, 2021 for manufacturing of ACC in the country with a budgetary outlay of INR 18,100 crore.
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- The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.
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- The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of INR 10,900 crore was notified on September 29, 2024.
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- It is a two-year scheme which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of testing agencies.
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- The PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme, notified on October 28, 2024, has an outlay of INR 3,435.33 crore and aims to support deployment of more than 38,000 electric buses.
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- The Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SPMEPCI) was notified on March 15, 2024 to promote the manufacturing of electric cars in India.
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- This requires applicants to invest a minimum of INR 4,150 crore and to achieve a minimum domestic value addition (DVA) of 25 per cent at the end of the third year and DVA of 50 per cent at the end of the fifth year.
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