Facts for Prelims (FFP)
Source: DTE
Context: The Parliamentary Standing Committee on Industry has recommended extending the Faster Adoption & Manufacturing of Electric Vehicles (FAME) – II Scheme by at least three more years.
Other Recommendations:
- Scope Enhancement: The committee suggests broadening the scope of the FAME-II Scheme to support more electric vehicles, making it more inclusive.
- Subsidies on Electric Two-Wheelers: The committee recommends restoring subsidies on electric two-wheelers
- Support for Electric Four-Wheelers: The committee advises increasing the number of electric vehicles supported in the four-wheelers category and including private electric four-wheelers in the FAME II Scheme, with a cap based on the cost and battery capacity of the vehicle.
- Charging Infrastructure Incentives: The committee suggests incentivizing the installation of charging stations and extending support to individual investors, women’s self-help groups, and cooperative societies.
- More funds: It also recommends allocating more funds to entities like Bharat Heavy Electricals Limited (BHEL) to popularize EV mobility.
- Consistent National Policy: There is a need for a consistent and stable national policy on electric mobility.
About FAME Scheme:
| Background | FAME India is part of the National Electric Mobility Mission Plan, aiming to encourage electric vehicles through subsidies across all vehicle segments. |
| Phases of the Scheme | Phase I: Started in 2015 and completed on March 31, 2019. |
| Phase II: Started in April 2019 and concluded on March 31, 2022. | |
| Technologies Covered | Hybrid and electric technologies, including Mild Hybrid, Strong Hybrid, Plug-in Hybrid and Battery Electric Vehicles. |
| Monitoring Authority | Department of Heavy Industries, Ministry of Heavy Industries and Public Enterprises. |
| Focus Areas of the Scheme | Technology development; Demand creation; Pilot projects; Charging infrastructure |
| Objectives of the Scheme | Encourage faster adoption of electric and hybrid vehicles through upfront incentives; Establish necessary charging infrastructure for electric vehicles. |
| Salient Features of Phase II of FAME | Emphasis on electrification of public transportation, including shared transport; Incentives primarily for vehicles used in public transport or registered for commercial purposes; Benefits extended to vehicles with advanced batteries like Lithium-Ion batteries. |
