Over Rs 5,000 crore subsidy leads to sale of 11.53 lakh EVs under FAME India scheme
electric vehicles until December 1, 2023, as part of the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme, said Minister of State for Heavy Industries Krishan Pal Gurjar, in a reply in the Lok Sabha.
The FAME India Phase II Scheme, which started on April 1, 2019, with a budgetary support of Rs 10,000 crore for a five-year period, is designed to boost the electrification of public and shared transportation.
Under this initiative, the government aims to support the adoption of 7090 eBuses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers. The scheme also facilitates the creation of charging infrastructure.
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According to the ministry, the distribution of the sold electric vehicles includes 10,16,887 two-wheelers, 1,21,374 three-wheelers, and 14,818 four-wheelers. Furthermore, under this scheme, 6862 electric buses have been sanctioned to various cities and STUs, with 3487 e-buses already supplied to STUs as of November 29, 2023.
The ministry has also allocated Rs 800 crore as a capital subsidy to three oil marketing companies for the establishment of 7,432 electric vehicle public charging stations.
The FAME-India Scheme Phase-II offers incentives to consumers, not directly to EV manufacturers. These incentives, in the form of reduced purchase prices, are later reimbursed to the OEMs by the government. So far, 62 OEMs have registered to avail of these demand incentives, with Rs. 5,094 crore claimed and Rs. 3,815 crore disbursed.
The scheme does not encompass the manufacturing capacity for advanced chemistry cells. In contrast, the government
