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FAME India Phase II

FAME India Phase II

Cabinet approves Rs 10,000 crore package for ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) scheme

The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal for implementation of scheme titled ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ for promotion of electric mobility in the country. The scheme with total outlay of Rs 10,000 crores over the period of three years will be implemented with effect from  April 1, 2019.

This scheme, applicable from 2019-20 to 2021-22, is the expanded version of the present scheme titled FAME India 1, which was launched on April 1, 2015, with total outlay of Rs 895 crores.

FAME India Phase II aims to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentives on purchase of electric vehicles and also by establishing necessary charging infrastructure for EVs, which is critical if e-mobility is to take root in the country.

Key highlights of FAME India Phase II

– The emphasis is on electrification of the public transportation that includes shared transport.
– Demand incentives on an operational expenditure model for electric buses will be delivered through State/city transport corporation (STUs).
– For the electric three-wheeler and four-wheeler segments, incentives will be applicable mainly to vehicles used for public transport or registered for commercial purposes.
– In the electric two-wheeler segment, the focus will be on private vehicles.
– FAME II plans to support 1 million e-two-wheelers, 500,000 e-three-wheelers, 55,000 four-wheelers and 7,000 buses.
– To encourage advance technologies, the benefits of incentives, will be extended to only those vehicles which are fitted with advanced batteries like a lithium ion battery and other new technology batteries.
– The scheme proposes for establishment of charging infrastructure, whereby about 2,700 charging stations will be established in metros, other million plus cities, smart cities and cities of hilly states across the country so that there will be availability of at least one charging station in a grid of 3km x 3 km.
– Establishment of charging stations are also proposed on major highways connecting major city clusters. On such highways, charging stations will be established on both sides of the road at an interval of about 25km each.

http://iasipstnpsc.in/fame-india-scheme/

https://www.news18.com/news/auto/fame-india-phase-ii-scheme-approved-by-cabinet-implications-impact-and-industry-reactions-2052425.html

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