Ministry of Heavy Industries
azadi ka amrit mahotsav

E-VEHICLE ECOSYSTEM

Posted On: 06 AUG 2024 5:23PM by PIB Delhi

 

The Ministry of Heavy Industries has launched the following schemes to promote Electric Vehicles (EVs) including adoption of e-Buses in the country: -

  1. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) including electric buses in India. Under this scheme, 425 electric and hybrid buses were deployed across various cities in the country with Government Incentive of about Rs. 280 Cr.
  2. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II in 2019 for a period of five years from 1st April, 2019 with a total budgetary support of Rs. 11,500 crore. Under this phase of FAME India Scheme, MHI sanctioned 6862 electric buses with Government Incentive of about Rs. 3009 Cr.
  3. Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AAT) with a budgetary outlay of  ₹ 25,938 Crore for enhancing India’s manufacturing capabilities for advanced automotive products including Electric Vehicles and their components. The scheme incentivises various categories of electric vehicles including e-2W, e-3W, e-4W, e-trucks& e-buses also.

This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathi Raju Srinivasa Varma in a written reply in the Lok Sabha today.

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