Ebuses, electric 2, 3 & 4-wheelers to get subsidy up to Rs 15 lakh under FAME-II Scheme: Javadekar
New Delhi: Minister of Heavy Industries & Public Enterprises, Prakash Javadekar, shared today that since inception of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) in 2015, about 2.8 lakh vehicles have been supported by way of extending demand incentives of about Rs. 359 Crore. As pilot project, 425 e-buses were also supported to various cities and states to promote public transportation.
Government approved Phase-I of FAME India Scheme in March, 2015 for a period of 2 years from 1 April 2015 to promote adoption of electrical vehicles with an aim to reduce dependency on fossil fuel and to address issues of vehicular emissions. Phase-I of the Scheme was extended from time to time and the last extension was allowed till 31 March 2019.
Based on outcome and experience gained during the Phase-I of FAME India Scheme, and after consultations with all stakeholders including industry and industry associations, the Government notified Phase-II of the FAME India Scheme on 8 March 2019 for a period of three years commencing from 1 April 2019 with a total budgetary support of Rs. 10,000 crore.
This phase will mainly focus on supporting electrification of public & shared transportation, and aims to support through incentives about 7,000 e-buses, 5 lakh e-3 wheelers (e-3W), 55,000 e-4 wheelers (e-4W) passenger cars and 10 lakh e-2 wheelers. In addition, creation of charging infrastructure will be also supported to address range anxiety among users of electric vehicles.
Under Phase-II of FAME-India Scheme, incentive is being provided to consumers on the purchase of electric vehicles used for public transport, or those registered for commercial purposes in e-3W, e-4W (including Strong Hybrid) segment. Privately owned registered e-2W are also covered under the scheme.
The demand incentive to these electrical vehicles is linked to battery capacity i.e. Rs. 10,000/KWh subject to capping of 20% of the cost of the vehicle. Demand incentive is restricted to vehicles with prices less than the threshold value, which is Rs 1.5 Lakh for e-2W, Rs 5 lakh for e-3W and Rs 15 Lakh for e-4W.
This information was given by the Minister of Heavy Industries & Public Enterprises, Prakash Javadekar, in a written reply in the Rajya Sabha today
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