Under Phase-II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME India) Scheme, 7,66,478 Electric Vehicles have been supported till 19th December 2022 by way of the demand incentive amounting to about Rs. 3,311 Crores.
The government had approved Phase II of the FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019, with 86 per cent of the funds allocated for demand incentives to support 7,000 e-Buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars (including Strong Hybrids) and 10 lakh e-2 Wheelers. On June 25, 2021, the approval was passed for the extension of FAME India Phase II scheme was extended for a period of two years, i.e. up to 31st March 2024.
– The Ministry of Heavy Industries has sanctioned 6315 e-buses to 65 cities/STUs/CTUs/ State Govt. entities for intracity and intercity operations across 26 states/UT under the Scheme.
– The Ministry has also sanctioned 2877 charging stations in 68 cities across 25 states/UTs under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II.
The details of the budgetary allocation and utilization to implement Phase II of the FAME–India Scheme are as under :
|Sl. No.||Financial Year||Budget Allocation||Fund Utilization as on 30.11.2022|
|1||2019-2020||Rs. 500 Crore||Rs. 500 Crore|
|2||2020-2021||Rs. 318.36 Crore||Rs. 318.36 Crore|
|3||2021-2022||Rs. 800 Crore||Rs. 800 Crore|
|4||2022-2023||Rs. 2903.08 Crore||Rs. 1128.45 Crore|
This information was given by Krishan Pal Gurjar – Union Minister of State for Heavy Industries, in a written reply in Rajya Sabha on 23 Dec 2022.
The Phase-I of the FAME Scheme was launched for a period of 2 years from 1st April 2015, which was extended up to 31st March 2019. In the 1st phase of the scheme, about 2.78 lakh xEVs were supported with total demand incentives of approx Rs. 343 Crores. 465 buses were sanctioned to various cities/states under this scheme. The details of funds earmarked and utilized under Phase-I of the FAME India Scheme are tabulated below:
|Sl. No.||Financial Year||Budget Allocation||Fund Utilization|
|1||2015-2016||Rs. 75 Crore||Rs. 75 Crore|
|2||2016-2017||Rs. 144 Crore||Rs. 144 Crore|
|3||2017-2018||Rs. 165 Crore||Rs. 165 Crore|
|4||2018-2019||Rs. 145 Crore||Rs. 145 Crore|
|Total||Rs. 529 Crores||Rs. 529 Crores|
Also read – India’s EV sales trend November 2022
Subscribe & Stay Informed
Subscribe today for free and stay on top of latest developments in EV domain.