India, Dec. 9 -- The Government of India has issued a release:
Financial Year /Category
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25
Registered ICE Vehicles
244.20
173.79
179.86
211.49
229.60
242.84
Registered Electric Vehicles (EVs)
1.74
1.43
4.59
11.83
16.81
19.68
EV Penetration
0.71%
0.82%
2.49%
5.30%
6.82%
7.50%
Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-Auto): Government on 15.09.2021 approved PLI-Auto Scheme, for enhancing India's manufacturing capabilities for Advanced AutomotiveTechnology (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 automotivemanufacturing value chain.
Production Linked Incentive (PLI) Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage: Government on 12.05.2021 approved PLI-ACC in orderto promote manufacturing of ACC in the country with a budgetary outlay of Rs.18,100crore. The scheme envisages establishing a cumulative ACC battery manufacturingcapacity of 50 GWh.
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: PM E-DRIVE Scheme has been notified on 29.09.2024. The scheme has an outlay of Rs.10,900 crore over a period of four years from 01.04.2024 to 31.03.2028 (except for e-2Ws and e-3Ws for which the terminal date is 31.03.2026). This scheme aims to incentivise sale of e-2W, e-3W, e-Ambulances, e-Trucks, and e-buses. The scheme also supports development of charging infrastructure and upgradation of vehicle testing agencies. Under the PM E-DRIVE Scheme, Phased Manufacturing Programme (PMP) mandates domestic manufacturing of specified EV components.
The year-on-year growth in Electric Vehicles (EV) penetration between FY 2020-2025 is as under: -
(Nos. in lakh)
Source :Vahan Portal
Further, the Ministry of Heavy Industries has launched the following schemes for strengthening the supply chain resilience for domestic manufacturing:
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.
