11.61 Lakh Electric Vehicles Sold Under FAME-II Scheme, Says Govt

11,61,350 Electric Vehicles Sold Under FAME-II Scheme, Says Govt

The Minister of Heavy Industry (MHI) Minister, Mahendra Nath Pandey recently shared data on the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) Scheme in the parliament. The scheme operated for a period of five years commencing from 1st April 2019 with a total budgetary support of Rs. 10,000 crores. The minister said that upto December 5, 2023, India witnessed a total sales of 11.60 lakh electric vehicles under FAME-II. 

“Ministry of Heavy Industries (MHI) formulated Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from 1st April, 2019 with a total budgetary support of Rs. 10,000 crore. The scheme mainly focuses on supporting electrification of public & shared transportation, and aims to support through demand incentive 7090 e-buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers. In addition, creation of charging infrastructure is also supported under the Scheme,” the minister said in his written reply in Lok Sabha. 

Under phase-II of FAME India Scheme, subsidy amounting to Rs. 5248 crores have been given to electric vehicle manufacturers on sale of 11,61,350 no. of electric vehicles as on 05.12.2023. Further, MHI has sanctioned 6862 electric buses to various cities/State Transport Undertakings (STUs)/State Govt. entitled for intracity operations. Out of 6862 e-buses, 3487 e-buses have been supplied to STUs as on date i.e. 29th November 2023.

Ministry of Heavy Industries has also sanctioned Rs. 800 Cr. as capital subsidy to the three Oil Marketing Companies (OMCs) of the Ministry of Petroleum and Natural Gas (MoPNG) for establishment of 7,432 electric vehicle public charging stations.

MHI launched the following two production linked incentive schemes to promote the adoption rate of electric vehicles and boost domestic manufacturing of electric vehicles:

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i. Production Linked Incentive (PLI) Scheme for Automobile and Auto component industry with a budgetary outlay of Rs. 25,938 crore provides financial incentives to boost domestic manufacturing of Advance Automotive Technologies (AAT) products (including electric vehicles and their components).

The details of the scheme may be seen at https://heavyindustries.gov.in/pli-scheme-automobile-and-auto-component-industry.

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ii. The Government has approved Production Linked Incentive (PLI) scheme, National Program on Advanced Chemistry Cells (ACC) Battery Storage with a budgetary outlay of Rs. 18,100 crores.

The scheme incentivizes the establishment of Giga scale ACC manufacturing facilities in the country for 50 Giga Watt hour (GWh). These ACCs will be used in batteries which are aimed to promote the widespread adoption of EVs. The details of the scheme may be seen at https://heavyindustries.gov.in/pli-scheme-for national-programme-on-advanced-chemistry-cell-acc-battery-storage.