India, Dec. 16 -- The Government of India has issued a release:
Faster Adoption and Manufacturing of Electric (&Hybrid) Vehicles in India' (FAME India) Scheme : The second phase of FAME India scheme was implemented for a period of5 years i.e. 01.04.2019 till 31.03.2024 with an outlay of Rs.11,500 crore. A total of 16,71,606 lakh EVs have been sold under the scheme and 6,862 e-buses have been sanctioned under the scheme. Besides this 8,932 EV Public Charging stations (EVPCS) have been installed by 3 Oil Marketing Companies (OMCs).
Production Linked Incentive (PLI) Scheme for Automobile and AutoComponent Industry in India (PLI-Auto): The Government approved this schemeon 23.09.2021 for Automobile and Auto Component Industry in India for enhancing 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 minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.
Production Linked Incentive Scheme on National Programme on Advanced Chemistry Cell (ACC) Battery Storage: The Government on 12.05.2021 approved 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.
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: This scheme with an outlay of Rs. 10,900 croreis being implemented from 01.04.2024. This scheme aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses and e-Ambulances, and alsoEV public charging stations and upgradation of testing agencies.
PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme: This Schemenotified on 28.10.2024, has an outlay of Rs.3,435.33 crore and aims to supportdeployment of more than 38,000 electric buses. The objective of scheme is to providepayment security to e-bus operators in case of default by Public Transport Authorities(PTAs).
Scheme for Promotion of Manufacturing of Electric Passenger Cars in India(SPMEPCI): This schemewas notified on 15.03.2024 to promote the manufacturing ofelectric cars in India.
Scheme
Head
Funds Allocated
Amount Spent
FAME-II
EVPCS
912.50
633.44
PM E-DRIVE
EVPCS
2,000
-
The Government has implemented following schemes with an aim to establish and facilitate electric mobility in the country to reduce vehicular emission and dependence on fossil fuels in the last five years : -
Details of funds allocated by the Government for building Charging infrastructure conducive to electric mobility in the country and the amount spent is as under: -
(Amount in Rs. crore)
This information was given by the Minister of State for Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.
Disclaimer: Curated by HT Syndication.
