HomeBusiness16.15 Lakh EVs Incentivised...

16.15 Lakh EVs Incentivised Under FAME India Scheme Phase-II: Govt | Mobility News

New Delhi: Led by electric two-wheelers, the number of electric vehicles (EVs) incentivised under the FAME India scheme Phase-II reached 16,15,080 till March 11, the government said on Tuesday. While 14,28,009 electric two-wheelers received incentives, 1,64,523 electric three-wheelers and 22,548 electric four-wheelers also received incentives, said Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, in a written reply in the Lok Sabha.

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II was implemented for a period of five years from April 1, 2019, with a total budgetary support of Rs 11,500 crore. The scheme incentivises the sale of electric vehicles — e-2Ws, e-3Ws and e-4Ws.

Further, grants for the deployment of e-buses and setting up of EV public charging stations (EVPCS) were also provided under the scheme. About 6,862 electric buses were sanctioned for intra-city operations under the FAME-II Scheme. Out of 6,862 e-buses, 5,135 e-buses have been supplied till February 28, the minister informed.

Further, the Ministry of Heavy Industries had sanctioned 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) for setting up 7,432 public charging stations (PCS) at their retail outlets across the country.

The ministry also sanctioned an additional Rs 73.50 crore for the upgradation of 980 public charging stations in March 2024. In addition, 400 charging stations have also been sanctioned which were allotted through EOI to other entities in various states.

The government approved the PLI-Auto scheme on September 9, 2021, for the automobile and auto component industry in India to enhance India’s manufacturing capabilities for advanced automotive technology (AAT) products with a budgetary outlay of Rs 25,938 crore.

The scheme proposes financial incentives to boost domestic manufacturing of AAT products with a minimum 50 per cent domestic value addition (DVA) and attract investments in the automotive manufacturing value chain.

The government on May 12, 2021, approved the PLI scheme for manufacturing of ACC in the country with a budgetary outlay of Rs 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 Rs 10,900 crore was notified in September last year, which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of vehicle testing agencies.

The PM e-Bus Sewa-Payment Security Mechanism (PSM) scheme has an outlay of Rs 3,435.33 crore and aims to support the deployment of more than 38,000 electric buses, said the minister.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Grammy Awards announce 2026 nominations with Kendrick Lamar leading. See the list of nominees.

The 68th Grammy Awards nominations are out, with Kendrick Lamar leading with nine nods.Following Lamar, Lady Gaga, Jack Antonoff and Canadian producer and songwriter Cirkut received seven nominations. Bad Bunny, Sabrina Carpenter, Leon Thomas and Canadian audio engineer Serban Ghenea were all nominated...

Lenskart, Groww IPO GMPs Fall Before Listing; Time For Investors To Reassess Primary Market? | Ipo News

Last Updated:November 08, 2025, 15:55 ISTLenskart and Groww IPOs saw GMPs drop 75 percent post-subscription despite strong oversubscription, highlighting risks of chasing grey market hype over company fundamentals.News18The grey market premium (GMP) of two heavyweight initial public offerings (IPOs) of recent times — Lenskart Solutions and Groww...

With presidents and royalty in attendance, Egypt unveils $1bn cultural ‘GEM’

Prime ministers, presidents and royalty descended on Cairo on Saturday to attend the spectacle-laden inauguration of a sprawling new...

James Watson, co-discoverer of the shape of DNA and Nobel Prize winner, dies at 97

James D. Watson, whose co-discovery of the twisted-ladder structure of DNA in 1953 helped light the long fuse on a revolution in medicine, crimefighting, genealogy and ethics, has died, according to his former research lab. He was 97.The breakthrough — made when the...

Alex Cooper apologizes to Taylor Swift for bizarre admission

Alex Cooper is not holding back when it comes to her love for Taylor Swift.As per a new report...

‘Unsubstantiated Rumours’: RBI Dismisses Reports Of Selling 35 Tonnes Of Gold | Economy News

New Delhi: The Reserve Bank of India (RBI) on Friday denied social media claims that it sold 35 tonnes of gold from its reserves, calling them "unsubstantiated rumours". In a post shared by the PIB Fact Check Unit on X, the central bank clarified that no such...

Wind Speed Shocker: Dust Devils Show Mars Is Much Stormier | World News

Studying winds on Mars is very difficult. On Earth, we can easily use weather balloons or satellite tools to measure wind directly. But on Mars, there are very few places where scientists can put instruments — and the air on Mars is extremely thin. Because of this,...

Government says ‘fairer’ motoring tax system is needed amid pay-per-mile report

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

Hamza Ali Abbasi gets real about adultery

Hamza Ali Abbasi. Photo: file ...