Indian Economy News

Ministry of Heavy Industries installed 532 charging stations/Infrastructure under Phase-I & II of FAME India Scheme

Using market development and demand aggregation, the Phase-II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) seeks to accelerate the use of electric vehicles (EVs) in public transportation and promote EV adoption. The scheme envisaged the holistic growth of EV industry including providing charging infrastructure and push toward greater indigenization.

FAME-II seeks to subsidise 10 lakh e-2 wheelers, 5 lakh e-3 wheelers, 7090 e-buses, and 55000 e-4 wheeler passenger cars. Additionally, the Ministry of Heavy Industries (MHI) has created a draft National Automotive Policy and posted it on its website. The proposed policy takes a comprehensive approach and examines how the automotive industry may best accomplish the goals of the Auto Mission Plan 2016–26.

Under the Phase-I of the FAME India Scheme, the Ministry of Heavy Industries had approved 520 Charging Stations/Infrastructure. Under Phase II of the FAME India Scheme, this Ministry had also approved 2,877 electric vehicle charging stations in 68 cities across 25 States and UTs, as well as 1,576 charging stations along 9 expressways and 16 highways. 

As of July 15 2022, 532 charging stations had been installed under the FAME India Scheme I & II. As of July 1, 2022, Oil Marketing Companies (OMCs) had installed 3,448 electric vehicle charging stations at its retail outlets, according to information from the Ministry of Petroleum and Natural Gas (MoPNG).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.