About 1.65 lakh EVs supported as on Nov 25 under Phase-2 of FAME India scheme
- IBEF
- December 1, 2021
Ministry of Heavy Industries formulated Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India phase-2 scheme has supported 1.64 lakh Electric Vehicles (EVs) as of November 25 as informed in the parliament. Demand incentive for the scheme amounted Rs 534 crore (US$ 71 million).
Phase-2 of the scheme came into effect from April 1, 2019 with a total budgetary support of Rs 10,000 crore (US$ 1,332 million) and aims to support 7000 e-buses, 5 lakh e-three wheelers, 55,000 e-four-wheeler passenger cars and 10 lakh e-two wheelers through subsidies.
Ministry of Heavy Industries has sanctioned 2,877 EV charging stations amounting to Rs 500 crore (US$ 66 million) in 68 cities across 25 states/UTs and 6,315 electric buses to various state/city transport undertakings.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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