Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to […]
EV makers not misappropriating subsidies under FAME scheme, says SMEV – EQ Mag
New Delhi : The Society of Manufacturers of Electric Vehicles on Thursday hit out at the government for holding back incentives under the FAME II scheme. In response to a reply made by Union Heavy Industries Minister Mahendra Nath Pandey in the Lok Sabha on Tuesday that the ministry has received complaints regarding misappropriation of […]
India Should Set an Ambitious Target For EV Sales And Ease Infra Norms: WBCSD
According to WBCSD, the recent Indian electric vehicle policy advancements are encouraging electrification, but the absence of ambition and mandates leaves ambiguity about the pace. Government should consider incentivizing customers who would scrap combustion engine vehicles for an electric one. There is a need for an open-minded collaboration between businesses and governments to formulate India’s […]
Govt Extends Second Phase of FAME Scheme For Electric Vehicles by 2 Years
The second phase of FAME (Faster Adoption and Manufacturing of Electric Vehicles) India scheme focuses on supporting electrification of public and shared transportation. New Delhi: The government on Friday said it has extended the second phase of FAME India scheme by two years till March 31, 2024, for faster adoption of electric mobility and development […]
Centre sanctions 670 electric buses, 241 charging stations under FAME scheme
The government on Friday said it has sanctioned 670 electric buses for Maharashtra, Goa, Gujarat and Chandigarh and 241 charging stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of the FAME India Scheme. Union Heavy Industries Minister Prakash Javadekar said the decision reflects the Centre’s commitment to reduce dependence on […]
Govt sanctions 670 electric buses, 241 charging stations under FAME scheme
“This is a good start, these e-buses, e-rickshaws and e-scooties as well as e-cars for city use are the best way forward for environment friendly transport,” Javadekar said New Delhi: The government on Friday said it has sanctioned 670 electric buses for Maharashtra, Goa, Gujarat and Chandigarh and 241 charging stations in Madhya Pradesh, Tamil […]
Over 27,000 EVs supported till September 10 under phase-II of FAME scheme
The main objective of the FAME scheme is to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of electric vehicles. The government on Tuesday said under the second phase of FAME India Scheme, over 27,000 electric vehicles have been supported till September 10 this year by way […]
Govt asserts subsidy for EVs only for commercial vehicles, not personal usage
Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers. The government Friday asserted that subsidies for promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included. Speaking at an event here, Minister of State for Heavy Industries and […]
EVs: How And Why The Future Of India?
The true electric vehicle opportunity in India looks quite different compared to China or the large Western markets. When thinking about the electric vehicle in the context of India, it’s critical to realize that it’s not just about the car. In fact, the electric car will likely play a very minor role in the future […]
Local Manufacturing Of Lithium Ion Batteries: India Finally Moves To Counter Growing Chinese Dominance
Local Manufacturing Of Lithium Ion Batteries: India Finally Moves To Counter Growing Chinese Dominance The Prime Minister’s Office (PMO) has sought a revised policy to incentivise electric vehicles in the country. It has called for a policy that includes funds for encouraging local manufacturing of Lithium batteries, Mint has reported. The central government has asked […]
