New Delhi, Jan 2
A total of 16.15 lakh electric vehicles (EVs) have been incentivised under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India)-II scheme, the government said on Thursday.
It includes 14.27 lakh electric two-wheelers (e-2Ws), 1.59 lakh e-3Ws, 22,548 e-4Ws and 5,131 e-buses.
Additionally, 10,985 EV public charging stations (PCS) have been sanctioned, with 8,812 allocated for installation.
As of October 31, 2024, a total of Rs 8,844 crore has been spent, including Rs 6,577 crore for subsidies, Rs 2,244 crore for capital assets, and Rs 23 crore for other expenses, according to Ministry of Heavy Industries.
The scheme includes a phased manufacturing program and has supported significant policy initiatives, such as reducing GST on EVs and enabling state EV policies, contributing to India’s transition to sustainable mobility.
The first phase of the scheme was initially approved for a period of two years, commencing from April 1, 2015.
After successful implementation of the scheme, the second phase -- FAME-II -- was launched in 2019 with an outlay of Rs 11,500 crore to provide incentives for electric vehicles, including two, three, four wheelers, electric buses and EV public charging stations.