Electric and Hybrid Vehicle Owners Provided Rs 360 cr in Subsidies: Javadekar

Prakash Javadekar has said that 2.85 lakh buyers of electric and hybrid vehicles have been supported by a subsidy of Rs 360 crore under the FAME Scheme.

Electric and Hybrid Vehicles

Union Minister Prakash Javadekar has said that about 2.85 lakh buyers of electric and hybrid vehicles have been supported by a subsidy of Rs 360 crore under the FAME India Scheme.

The minister said that the benefit of incentives to buyers of mild hybrid vehicles under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in (FAME India) scheme was withdrawn with effect from April 1, 2017, based on the third-party evaluation of Phase-I of the scheme.

Javadekar, the Minister of Heavy Industries & Public Enterprises informed the Lower House in a written reply.

“The Phase-I of the FAME India Scheme was launched in 2015 and continued up to 31st March 2019. Based on outcome and experience gained during the Phase-I of FAME India Scheme and after having consultations with all stakeholders including Industry and Industry Associations, the second phase of FAME India Scheme has commenced from 01st April, 2019 for a period of 3 years,” an official release of Ministry of Heavy Industries & Public Enterprises said.

“As on date, about 2.85 lakh buyers of electric/hybrid vehicles (EVs) have been supported by a subsidy of Rs 360 crore under the FAME India Scheme.”

In February this year, the Union cabinet chaired by Prime Minister Narendra Modi had approved the proposal for the implementation of a scheme titled ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ for promotion of Electric Mobility in the country.

In July, we reported that the second phase of the FAME India scheme will focus on supporting the electrification of public and shared transportation over the next three years, the Minister of Heavy Industries and Public Enterprises Arvind Ganpat Sawant had said in a written reply to the Rajya Sabha.

The scheme will support through subsidies 7,000 electric buses, five lakh electric three-wheelers, 55,000 electric four-wheeler passenger cars and 10 lakh electric two-wheelers to provide affordable and environment-friendly public transportation options for the masses.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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