FAME India Phase-II Scheme supports over 16.14 lakh EVs: Cen
FAME India Phase-II Scheme supports over 16.14 lakh EVs: Centre
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
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.
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.
The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV
public charging stations.
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.
It includes 14,28,009 two-wheelers, 1,64,180 three-wheelers
and 22,548 four-wheelers.
The Ministry of Heavy Industries has implemented several
schemes to strengthen the EV ecosystem and accelerate adoption of electric
vehicle in the country.
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.
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.
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.
The scheme aims to establish a competitive domestic
manufacturing ecosystem for 50 GWh of ACC batteries.
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.
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.
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.
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.
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.
