FAME II: Government has formed Inter-Ministerial Panel To Monitor & Sanction Projects

FAME

Government recently approved Rs. 10,000 crores for faster adoption of Electric Vehicle under FAME ( Faster Adoption and Manufacturing of Electric and Hybrid) Vehicles) scheme. The approval came from the cabinet committee of economic affairs on Thursday.
The scheme will support 10 lakh electric two-wheelers, 5 lakh electric three-wheelers, 55,000 four-wheelers and 7,000 buses.

The government has constituted an inter-ministerial panel for monitoring, sanctioning and implementation of projects under the Rs 10,000-crore FAME-II programme, aimed at incentivising clean mobility.

The Project Implementation and Sanctioning Committee will be chaired by the secretary in the Department of Heavy Industries. Other members includes NITI Aayog CEO, Department for Promotion of Industry and Internal Trade secretary, Department of Economic Affairs secretary and secretaries in the power and new and renewable energy ministry, among others.

The Department of Heavy Industries, in an order, said,

“the committee is constituted for the purpose of overall monitoring, sanctioning and implementation of the scheme, with immediate effect and until further orders”.

Emphasis is on electrification of the public transportation that includes shared transport. The scheme proposes establishment of charging infrastructure, whereby about 2700 charging stations will be established in metros, other million plus cities, smart cities and cities of Hilly states. The goal is to set up at least one charging station in a grid of 3 km x 3 km.

Under phase-II of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) scheme, 10 lakh registered electric two-wheelers with a maximum ex-factory price will be eligible to avail incentive of Rs 20,000 each. It will also support 5 lakh e-rickshaws having ex-factory price of up to Rs 5 lakh with an incentive of Rs 50,000 each.

An incentive of Rs 1.5 lakh will also be offered to 35,000 electric four-wheelers with an ex-factory price of up to Rs 15 lakh, and incentive of Rs 13,000 each to 20,000 strong hybrid four-wheelers with ex-factory price of up to Rs 15 lakh. It will support 7,090 e-buses with an incentive of up to Rs 50 lakh each having ex-factory price of up to Rs 2 crore.

The scheme will have a Rs 1,500-crore outlay in 2019-20; Rs 5,000 crore in 2020-21 and Rs 3,500 crore in 2021-22. It will cover buses with EV technology; electric, plug-in hybrid and strong hybrid four wheelers; electric three-wheelers including e-rickshaws and electric two-wheelers.

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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