Central government is going to launch FAME India Scheme – Phase II for vehicles to make full public transport system electric. Subsequently, all the public transportation vehicles such as buses, taxis and auto rickshaws will become fully electricity based. Moreover, govt. will lay emphasis on increasing incentives to promote e-mobility. This scheme will also reduce the levels of pollution in the country.
Central govt. has launched 1st phase of Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India (FAME India) in 2015. However, this Phase I will end on 31 March 2018 and will mark the beginning of Phase II.
Latest Update – Govt. can extend FAME India Scheme II for the next 5 years with total outlay of Rs. 9,381 crore. However, incentives will now get restricted to new energy vehicles which are used for public transport, commercial purposes and high-speed two-wheelers.
The primary objective of this scheme is to make public transport 100% electric. Under this Scheme, vehicles are fully electric, operated with chargeable battery and will involve zero emissions. Furthermore, govt. will also develop infrastructure for charging which is necessary for these vehicles.
Subsidy under FAME India Scheme II
The subsidy amount under the second phase of this scheme are as follows:-
|Vehicles||Maximum Number of Vehicles||Amount of Subsidy||Maximum Factory Price|
|High Speed 2 Wheeler||1.5 lakh||Rs. 30,000||Rs. 1.5 lakh|
|Low Speed 2 Wheeler||1.5 lakh||Rs. 20,000||Rs. 1 lakh|
|High Speed 3 Wheeler||1 lakh||Rs. 75,000||Rs. 5 lakh|
|Low Speed 3 Wheeler||1 lakh||Rs. 35,000||Rs. 3 lakh|
|Cars||50,000||Rs. 2 lakh||Rs. 15 lakh|
|Light Commercial Vehicle||4,000||Rs. 2.5 lakh||Rs. 10 lakh|
|Bus||5,000||Rs. 50 lakh||Rs. 3 crore|
|Truck / HDV||200||Rs. 50 lakh||Rs. 2 crore|
Central govt. will also make efforts to reduce the total cost of Lithium Ion Batteries used to run the electric vehicles. Moreover, govt. is going to increase the amount of money in phase II of FAME India Scheme.
List of Selected Cities
Under this system, govt. selects 11 cities to release funds under FAME India Scheme which are as follows:-
These selected cities will finalize the process of tenders and will also issue supply order till 28 Feb 2018. Moreover, dept of heavy Industry will spend Rs. 437 crore on these cities under the Phase I of FAME India Scheme.
Multi Modal Transport System
Department of Heavy Industry has also launched electricity based multi modal transport system. This system will ensure use of electric buses, three wheeler and shared cabs to a large extent. As per the reports from 44 cities across 21 states, there is an urgent need of electricity based 3144 buses, 2430 taxis and 21,545 autos. This system requires total financial support of Rs. 4054.6 crore from the central government.
Govt. will convert all the fuel stations to charging stations with essential facilities. Moreover, govt. will provide more funds in Phase II to successfully implement this scheme. The total amount allotted for this scheme is 14,000 crore.SAVE AS PDF