Government to support public & shared transportation electrification under the FAME (Faster Adoption and Manufacturing of Electric Vehicles) Scheme for the next three years.
Govt to support electrifying public & shared transportation under FAME II
The government will support to electrify public & shared transportation through providing incentives to 7,000 e-buses, 5 lakh electric three-wheelers, 55,000 electric four-wheeler passengers cars and 10 lakh electric two-wheelers.
This incentive is provided by the government to make the EVs available for the consumers at an affordable price that leads to eco-friendly public transportation options for the huge public.
FAME II Scheme
The FAME II scheme started on April 1 with the budget support of Rs 10,000 crore which supports the creation and development of EV charging infrastructure in selected cities also at major highways. As per the statement, until now five automobiles manufacturers registered to take advantage of the scheme.
FAME I Scheme
The first phase of FAME scheme was launched for 2 years on April 1, 2015, and later extended till March 31. The government supported nearly 2.78 lakh electric and hybrid vehicles with a total demand incentive of approximately Rs 343 crore for purchase of the EVs and hybrid vehicles in phase-I of FAME.
Ministry of Heavy Industries & Public Enterprises
The Ministry of Heavy Industries & Public Enterprises said that under the FAME scheme 465 buses were sanctioned for the cities and States under the FAME scheme.
Phase I for creating demand incentives
Phase-I aimed to create demand incentives for various vehicles categories such as two-wheelers, three-wheelers auto, passenger four-wheeler vehicles, commercial vehicles and buses that are light.
Why Electric Vehicles?
As the government is taking many initiatives to promote the use of EVs in India. Electric vehicles are the need of an hour as it has some unique features such as zero emission, quiet and speed. It is mandatory to use in India to reduce the pollution levels in the country.
As pollution is causing many dangerous health issues and it also helps to save our money which we spend on purchasing those expensive fuels every day.
The country can also save on the amount it spends crores for importing oil from other countries.
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