Electric buses under FAME scheme sanctioned

  • IASbaba
  • September 26, 2020
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Electric buses under FAME scheme sanctioned

Part of: GS Prelims and GS-II – Policies & GS-III – Climate change; Pollution

In news

  • In a big push towards electric mobility, the Government has sanctioned 670 Electric buses in various states. 
  • States: Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of FAME India Scheme.

Important value additions

The FAME (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) 

  • Launched by: The Ministry of Heavy Industries and Public Enterprises in 2015 
  • Objective: To incentivize the production and promotion of eco-friendly vehicles including electric vehicles and hybrid vehicles
  • Two phases of the scheme: Phase I: started in 2015 and was completed on March 31st, 2019; (2) Phase II: started from April 1st, 2019, will be completed by March 31st, 2022.

FAME II Key Features 

  • It proposes to give a push to electric vehicles (EVs) in public transport.
  • It seeks to encourage adoption of EVs by way of market creation and demand aggregation.
  • It envisages the holistic growth of EV industry, including providing for charging infrastructure, research and development of EV technologies and push towards greater indigenization. 
  • The outlay of ₹10,000 crore has been made for three years till 2022 for FAME 2 scheme.  
  • There is also provision for setting up of charging stations for electric vehicles in India.
  • The plug-in hybrid vehicles and those with a sizeable lithium-ion battery and electric motor will also be included in the scheme.
  • FAME 2 will offer incentives to manufacturers, who invest in developing electric vehicles and its components.
  • Eligibility to get incentive: Only buses priced up to ₹2 crore, strong and plug-in hybrids under₹15 lakh, three-wheelers under ₹5 lakh and two-wheelers under ₹1.5 lakh.

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