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Partial Modification of the Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II


Publication Year: 2021

Abstract:

In partial modification of the Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) which was notified by the Department of Heavy Industry vide S.O. No. 1300(E) dated 8th March 2019, the following amendments are made with effect from date of its publication in the Official Gazette: -

  1. Aggregation will be the key method for bringing the upfront cost of 3W EV at an affordable level and at par with ICE 3-Wheelers. EESL will aggregate demand for 3 lakh Electric 3 Wheelers for multiple user segments. Details will be worked out by EESL for implementation.
  2. For Electric Buses, 4 million plus cities (Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune) will be targeted. EESL will go for aggregation of demand in these 9 cities for remaining E-buses under the Scheme on OPEX basis. The details shall be worked out by EESL for implementation.
  3. For Electric 2 Wheelers, demand Incentive will be @ Rs 15000/- per KWh. 
  4. The cap on incentives for Electric 2 Wheelers will be 40% of the cost of vehicles.

Policy Brief No.: S.O. 2258(E)

Country: India

Publisher/Organisation: Ministry of Heavy Industries and Public Enterprises (Department of Heavy Industry), Government of India

Rights: Ministry of Heavy Industries and Public Enterprises (Department of Heavy Industry), Government of India

URL:
https://dhi.nic.in/writereaddata/UploadFile/FAME%20II%20-%20Polict%20modfications.pdf

Theme: Policies and Regulations | Subtheme: National

Tags: Electricity tariff, E-mobility, FAME India Phase II, Subsidies, EV Policy, FAME India Scheme Phase 2, XEV Technology, Electric 2 Wheelers, Ministry of Heavy Industries and Public Enterprises, Department of Heavy Industry, Government of India

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