FAME II program backs more than 27,000 EVs

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The Indian government has subsidized the purchase of 27,201 electric vehicles (EVs) to the tune of around Rs95 crore under the second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) initiative.

As of a week ago, the FAME II program had also incentivized 5,595 electric buses at a cost of around Rs2,800 crore, with the figures quoted by minister for heavy industries and public enterprizes Prakash Javadekar in a written reply to a question in the Lok Sabha.

The minister added, FAME II had authorized payment of Rs500 crore to fund 2,636 electric vehicle (EV) charging stations in 62 cities across 24 state and union territories.

Targets

The Rs10,000 crore, three-year FAME II program, which will run until April 2022, followed the original, Rs895 crore FAME India Scheme, which was launched in April 2015.

The current phase of the program aims to drive 10 lakh electric two-wheelers, 5 lakh electric three-wheelers, 55,000 four-wheelers and 7,000 buses as well as establishing 2,700 charging stations such that one is available every three square kilometers.

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