Description

Ministry of Heavy Industry makes Change in FAME-II Scheme

Date - 14th Jun 2021

The Ministry of Heavy Industry has announced major changes to the current FAME-II scheme. The Ministry has established incentives for Indian electric two-wheelers. With recent price and subsidy amendments, the government is seeking to promote the use of electric two-wheelers across India. The price cuts will help introduce electric vehicles and strengthen the government's plans to transform India into an electric vehicle country by 2030.

Previously, the subsidy rate for electric two-wheelers was Rs 10,000 / kWh. It was increased to 15,000 rupees / kWh, which is almost 40 percent of the car's value.

Purchase of electric vehicles

The central government will purchase large quantities of electric buses and three-wheelers. EESL will be tasked with purchasing three million electric rickshaws and will also be tasked with collecting the aggregate demand for electric buses in nine major cities, namely Surat, Pune, Mumbai, Chennai, Ahmedabad, Hyderabad, Kolkata, Delhi and Bangalore.

FAME scheme in India

The scheme was launched to stimulate vehicle segments including two-wheelers, four-wheelers, three-wheelers, light commercial vehicles, and buses. It also encompasses hybrid and electric technologies such as mild hybrid, plug-in hybrid, high-performance hybrid, and battery-electric vehicles. This scheme is overseen by the Heavy Industry Department. It has four main areas, namely technology development, demand creation, charging infrastructure and pilot projects.

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