Govt lists ongoing schemes to speed up electric vehicle adoption

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme was introduced by the Ministry of Heavy Industries (MHI) in 2015 to promote the adoption of electric and hybrid vehicles.

The Union government on August 2 gave an update on the current schemes that are aimed at accelerating the adoption of electric vehicles (EVs) across India. These schemes are designed to enhance the uptake of electric two-wheelers, three-wheelers, and other categories of EVs, as well as support the development of advanced battery technologies.

The Ministry of Heavy Industries said the Electric Mobility Promotion Scheme 2024 (EMPS), with an allocation of Rs 778 crore, is set to run from April 1, 2024, to September 30, 2024. The scheme provides incentives for the purchase of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).

Additionally, the Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AAT), backed by a budget of Rs 25,938 crore, focuses on incentivizing the production of various categories of electric vehicles, including e-2W, e-3W, e-4W, e-buses, and e-trucks.

The government also said it is implementing the Production Linked Incentive Scheme for Advanced Chemistry Cells (PLI-ACC), with an outlay of Rs 18,100 crore, aims to boost the production of advanced battery technologies crucial for high-performance electric vehicles.

Furthermore, it said another scheme to promote the manufacturing of electric passenger cars is being introduced to attract global investments and position India as a leading manufacturing hub for electric vehicles.

FAME India Scheme: Overview

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme was introduced by the Ministry of Heavy Industries (MHI) in 2015 to promote the adoption of electric and hybrid vehicles.

Phase-I (2015-2019)

Budget: Rs 895 crore

Focus Areas: Technological development, demand generation, pilot projects, and charging infrastructure.

Achievements:
-Supported 2.8 lakh xEVs with Rs 359 crore in incentives.
-Deployed 425 electric and hybrid buses with Rs 280 crore in incentives.
-Established 520 charging stations with Rs 43 crore.
-Funded technology development projects worth Rs 158 crore.

Phase-II (2019-2024)

Budget: Rs 11,500 crore

Focus Areas: Electrification of public and shared transportation, and creation of charging infrastructure.

Targets: 7,262 e-Buses, 1,55,536 e-3 Wheelers, 30,461 e-4 Wheeler Passenger Cars and 15,50,225 e-2 Wheelers

Achievements (as of July 31, 2024):
-Claims of 16,71,606 electric vehicles for Rs 6,825 crore submitted for reimbursement of subsidy by the OEMs (EV manufacturers)
-6,862 e-buses sanctioned, with 4,853 delivered.
-Rs 800 crore sanctioned for 7,432 public charging stations, with Rs 560 crore released.
-Additional Rs 73.50 crore sanctioned in March 2024 for 980 new fast charging stations, with Rs 51.45 crore released.