Flat 70% Discount On Pendrive / Android Courses, Valid Till 29th Feb'20 Call On : 9354229384, 9315859773, 9354252518, 9999830584

Tags Current Affairs

Cabinet approves Phase II of FAME India Scheme

Date: 01 March 2019 Tags: Infrastructure, Commerce & Industry, Environment

Union Cabinet has approved implementation of Phase II of Faster Adoption and Manufacturing of Electric Vehicles in India Scheme (FAME India Phase II) Scheme for promotion of Electric Mobility in the country. It is expanded version of present FAME India I scheme launched in April 2015. It has total outlay of Rs 10000 crores over the period of three years (April 2019 to 2022).

FAME India (Phase II) Scheme

  • It aims at promoting eco-friendly electric and hybrid vehicles in the country. The scheme is being administered by Union Ministry of Heavy Industries.
  • Objective: Encourage faster adoption of electric vehicles (EVs) and hybrid vehicles by offering upfront Incentive on purchase of EVs and also by way of establishing necessary charging Infrastructure for electric vehicles. It also seeks to address issue of environmental pollution and fuel security.
  • Features: It gives emphasis is on electrification of public transportation that includes shared transport.
  • It will give demand incentives on operational expenditure model for electric buses through State/city transport corporation (STUs).
  • In three and four wheelers segment, it will incentives to vehicles used for public transport or registered for commercial purposes. In two wheelers segment, it will focus on private vehicles.
  • It plans to support 10 Lakhs e-2W, 5 Lakhs e-3W, 55000 4Ws and 7000 Buses.
  • Encourage advance technologies:  Benefits of incentives under it will be extended to only those vehicles which are fitted with advance battery like Lithium Ion battery and other new battery technologies.
  • Charging Infrastructure: It also proposes for establishment of charging infrastructure. It seeks seyting up about 2700 charging stations in metros, million plus cities, smart cities and cities of hilly states across the country to ensure availability of at least one charging station in grid of 3 km x 3 km.
  • It also proposes establishment of charging stations on major highways connecting major city clusters. On such highways, charging stations will be established on both sides of road at an interval of about 25 km each.
Notice (8): Undefined variable: quizpole [ROOT/plugins/Studyiq/src/Template/Pages/tagdetails.ctp, line 161]