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.
