FAME-India scheme extended by 6 months
What is the issue ?
- In a move to promote use of electric vehicles, the government has extended an additional six months for phase one of the FAME-India Scheme (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles).
- It is a part of the National Electric Mobility Mission Plan (NEMMP)
What are the incentives offered under the scheme ?
- Battery operated scooters and motorcycles are eligible for incentives ranging between Rs 1,800 and Rs 29,000;
- Three-wheeler for incentives in the range of Rs 3,300 and Rs 61,000,
- In four-wheelers, the incentives range from Rs 13,000 to Rs 1.38 lakh,
- In light commercial vehicles it is from Rs 17,000 to Rs1.87 lakh, and for buses it is from Rs 34 lakh to Rs 66 lakh
How has the scheme performed ?
- Under the scheme, a total of 1,50,550 hybrid and electric vehicles received incentives till July 26, 2017.
National Electric Mobility Mission Plan :
Why was it launched ?
- Government of India launched the National Electric Mobility Mission Plan (NEMMP) 2020 in 2013 to achieve national fuel security by promoting hybrid and electric vehicles in the country.
Which ministry/department is responsible for implementation ?
- Department of Heavy Industry
- National Council Electric Mobility and National Board Electric Mobility will look into implementation at apex level.
- National Automotive Board and NATRiP Implementation Soceity along with Working Group on R&D will review and monitor the roll out of this program and various schemes under it.
What does the government intend to achieve ?
- There is an ambitious target to achieve 6-7 million sales of hybrid and electric vehicles year on year from 2020 onwards.
- Government aims to provide fiscal and monetary incentives to kick start this nascent technology.
- With the support from the Government, the cumulative sale is expected to reach 15-16 Million by 2020.
- It is expected to save 9500 Million Liters of crude oil equivalent to Rs. 62000 Cr. savings.