NEW DELHI: With an eye on selling electrical and hybrid vehicles, Finance Minister Arun Jaitley stated Thursday that the Union Cabinet has cleared a Rs 10,000-crore programme under the FAME-II scheme.
The scheme will probably be carried out over a length of 3 years with effect from April 1, 2019. It is the expanded model of the current scheme FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015, with a total outlay of Rs 895 crore, an respectable commentary stated.
The primary purpose of the scheme is to inspire quicker adoption of electrical and hybrid vehicles by means of offering upfront incentive on purchase of electrical vehicles and also by means of setting up important charging infrastructure for EV, Jaitley told newshounds right here.
The emphasis will probably be on electrification of public transport that incorporates shared transport, demand incentives on operational expenditure mode for electrical buses will probably be delivered thru state/town transport corporations (STUs), the commentary stated.
In three-wheeler and 4 wheeler segments, incentives will probably be acceptable basically on vehicles used for public transport or registered business functions, it stated.
In the two-wheeler segment, the point of interest will probably be on personal vehicles.
"Through the scheme, it is planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses," the commentary stated.
The scheme will lend a hand in addressing the issue of environmental pollution and gasoline safety.
In order to inspire advance applied sciences, the benefits of the incentives will probably be extended to only those vehicles which might be fitted with complicated battery like lithium-ion battery and other new technology batteries.
The scheme additionally proposes reinforce for putting in of charging infrastructure wherein about 2,700 charging stations will probably be arrange in metros, other million-plus cities, smart cities and cities of hilly states across India, the commentary added.
The plan is to make sure availability of a minimum of one charging station in a grid of 3km x 3km, it added.
The established order of charging stations also are proposed on primary highways connecting primary town clusters. On such highways, charging stations will probably be established on either side of the road at an period of about 25 km each, it stated.
The much-delayed FAME II was made over by the expenditure of the finance committee in a gathering held Monday.
Initially, in August remaining 12 months an inter-ministerial panel had finalised the roadmap for Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) II scheme with an outlay of round Rs 5,500 crore spanning over five years and subsidy reinforce for all types of electrical vehicles.
However, later on in November the government had extended the phase-I FAME scheme until March 2019 or until a notification for the second one part.
The Ministry of Finance had licensed enhancement of the whole outlay for the first part of the scheme from Rs 795 crore to Rs 895 crore.
The scheme was meant to be carried out over a two-year length starting up April 1, 2015. It was to be adopted by the rollout of the second one part. The first part was extended 4 times for six months each.
The scheme will probably be carried out over a length of 3 years with effect from April 1, 2019. It is the expanded model of the current scheme FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015, with a total outlay of Rs 895 crore, an respectable commentary stated.
The primary purpose of the scheme is to inspire quicker adoption of electrical and hybrid vehicles by means of offering upfront incentive on purchase of electrical vehicles and also by means of setting up important charging infrastructure for EV, Jaitley told newshounds right here.
The emphasis will probably be on electrification of public transport that incorporates shared transport, demand incentives on operational expenditure mode for electrical buses will probably be delivered thru state/town transport corporations (STUs), the commentary stated.
In three-wheeler and 4 wheeler segments, incentives will probably be acceptable basically on vehicles used for public transport or registered business functions, it stated.
In the two-wheeler segment, the point of interest will probably be on personal vehicles.
"Through the scheme, it is planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses," the commentary stated.
The scheme will lend a hand in addressing the issue of environmental pollution and gasoline safety.
In order to inspire advance applied sciences, the benefits of the incentives will probably be extended to only those vehicles which might be fitted with complicated battery like lithium-ion battery and other new technology batteries.
The scheme additionally proposes reinforce for putting in of charging infrastructure wherein about 2,700 charging stations will probably be arrange in metros, other million-plus cities, smart cities and cities of hilly states across India, the commentary added.
The plan is to make sure availability of a minimum of one charging station in a grid of 3km x 3km, it added.
The established order of charging stations also are proposed on primary highways connecting primary town clusters. On such highways, charging stations will probably be established on either side of the road at an period of about 25 km each, it stated.
The much-delayed FAME II was made over by the expenditure of the finance committee in a gathering held Monday.
Initially, in August remaining 12 months an inter-ministerial panel had finalised the roadmap for Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) II scheme with an outlay of round Rs 5,500 crore spanning over five years and subsidy reinforce for all types of electrical vehicles.
However, later on in November the government had extended the phase-I FAME scheme until March 2019 or until a notification for the second one part.
The Ministry of Finance had licensed enhancement of the whole outlay for the first part of the scheme from Rs 795 crore to Rs 895 crore.
The scheme was meant to be carried out over a two-year length starting up April 1, 2015. It was to be adopted by the rollout of the second one part. The first part was extended 4 times for six months each.
Cabinet clears Rs 10,000 crore FAME II scheme
![Cabinet clears Rs 10,000 crore FAME II scheme]()
Reviewed by Kailash
on
March 01, 2019
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