New Delhi: The details of fund allocation and utilized under Phase-I & Phase-II of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme are as under:-
Figures are in Rs. Crore
|Financial Year||Fund allocation||Fund utilization|
|2021-22||756.66||53.27 as of 30th June, 2021|
As of 28th July 2021, under Phase-I & Phase-II of the scheme, about 3.71 lakhs xEVs were supported with a total incentive of Rs. 634 Crore (approx.). Additionally, 862 hybrid/ electric buses were deployed as sanctioned to various cities/ states as of 30th June 2021.
Under Phase-II of FAME India Scheme, Rs. 1000 Cr. is allocated for the development of charging infrastructure in the country, and for this Ministry has sanctioned 2,877 Electric Vehicle Charging Stations amounting to about Rs 500 Crore in 68 cities across 25 States/UTs under Phase II of FAME India Scheme. Under Phase-I of the FAME India Scheme, 427 charging stations have been installed.
Further, the following initiatives have also been taken up by the Government for improving the charging infrastructure required for electric vehicles in the country-
(i) Ministry of Power (MoP) has released a notification on charging infrastructure standards permitting private charging at residences and offices.
(ii) Ministry of Housing & Urban Affairs (MoHUA) amended the Model Building Byelaws 2016 to establish charging stations and infrastructure in private and commercial buildings.
The upfront cost of electric vehicles is higher than the Internal Combustion Engine (ICE) vehicle. However, the operational cost of electric vehicles is lower than the of ICE vehicles. Further, electric vehicles are being supported by way of demand incentives under FAME India Scheme phase II to reduce the cost difference between electric vehicles and ICE vehicles.
Also, the following initiatives have also been taken up by the Government of India for the promotion of electric vehicles in the country:-
- Recently, the demand incentive under the FAME-II scheme has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle, thus enabling the cost of electric two-wheelers at par with ICE two-wheeler vehicles.
- The Government on 12th May 2021 approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced chemistry cell (ACC) in the country to bring down prices of batteries in the country. A drop in battery price will result in cost reduction of electric vehicles.
- GST on electric vehicles has been reduced from 12% to 5%; GST on chargers/ charging stations for electric vehicles has been reduced from 18% to 5%.
- Ministry of Road Transport & Highways (MoRTH) announced that battery-operated vehicles will be given green license plates and be exempted from permit requirements.
- MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.
The aforesaid information was given in writing by the Minister of State for Heavy Industries Shri Krishan Pal Gurjar in Rajya Sabha on 2nd August 2021.