‚Äč

Government announces second phase of FAME India: Focus on electrifying public and shared transportation

The Indian government has released the National Electric Mobility Plan 2020 which aims to electrify public transportation and shared mobility service providers over the next three years.

By: | Published: July 3, 2019 10:57 AM

The second phase of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme will focus on supporting the electrification of public and shared transportation over the next three years, the government said on Tuesday.

It will support through subsidies 7,000 e-buses, five lakh e-three-wheelers, 55,000 e-four-wheeler passenger cars and 10 lakh e-two-wheelers to provide affordable and environment-friendly public transportation options for the masses.

With budgetary support of Rs 10,000 crore, the scheme which started on April 1 will support the creation of charging infrastructure in select cities and along major highways to address range anxiety among users of electric vehicles, according to the statement. So far, five automobile manufacturers have registered to avail benefits of the scheme.

The first phase of FAME India scheme was launched for two years on April 1, 2015, but later extended till March 31. About 2.78 lakh electric and hybrid vehicles (xEVs) were supported with a total demand incentive of Rs 343 crore. Besides, 465 buses were sanctioned to various cities and states.

FAME India is a part of the National Electric Mobility Mission Plan (NEMMP) 2020 with a vision and roadmap for faster adoption of electric vehicles and their manufacturing in the country.

This plan has been designed to enhance national fuel security, provide affordable and environmentally-friendly transportation and enable the Indian automotive industry to achieve global manufacturing leadership, Minister of Heavy Industries and Public Enterprises Arvind Ganpat Sawant said in a written reply to the Rajya Sabha on Monday.

Do you know What is Anti-Lock Braking System, Power Steering? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Get the latest cars price and upcoming bikes price in India exclusively at Financial Express. Stay tuned for new cars and bikes reviews, follow us on twitter, Facebook and subscribe us on YouTube for latest auto news.

Next Stories
1Next James Bond film to feature Aston Martin Valhalla! Daniel Craig drives Series II V8 Vantage too
2Mahindra XUV300 AMT waiting period up to two months: Launched at Rs 11.35 lakh
3W8(O) Diesel AMT