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Critical Topics and Their Significance for the UPSC CSE Examination on August 08, 2024
Daily Insights and Initiatives for UPSC Exam Notes: Comprehensive explanations and high-quality material provided regularly for students
For Preliminary Examination: Current events of national and international importance
For Mains Examination: GS II& III - Governance, Environment&ecology
Context:
Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) including electric buses in India. Under this scheme, 425 electric and hybrid buses were deployed across various cities in the country with Government Incentive of about Rs. 280 Cr
Read about:
What is an E- Vehicle?
Significance of E-Vehicle Ecosystem
Key takeaways:
FASTER ADOPTION AND MANUFACTURING OF (HYBRID &) ELECTRICAL VEHICLES (FAME-II) is an initiative by the Indian government aimed at promoting the adoption and manufacturing of electric and hybrid vehicles. Launched in April 2019, it is an extension of the earlier FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme.
Here are the key aspects:
- The main goal is to support the development of the electric vehicle (EV) ecosystem in India, reduce pollution, and decrease dependence on fossil fuels
- The scheme provides financial incentives to buyers of electric and hybrid vehicles to make them more affordable. It includes subsidies for purchasing EVs, charging infrastructure, and advanced battery technologies
- FAME-II covers a range of electric and hybrid vehicles, including two-wheelers, three-wheelers, buses, and cars. It also supports the installation of charging stations and battery swapping stations
- The scheme has a budget allocation of ₹10,000 crore over a period of three years, focusing on increasing the adoption of EVs and building necessary infrastructure
- The scheme is managed by the Department of Heavy Industry, which is responsible for disbursing subsidies and ensuring compliance with the guidelines
The Ministry of Heavy Industries has introduced several initiatives to support the growth of Electric Vehicles (EVs) and the adoption of electric buses in India:
- The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme, launched in 2015, aims to encourage the use of electric and hybrid vehicles, including electric buses. This initiative led to the deployment of 425 electric and hybrid buses across various cities, supported by government incentives totaling approximately ₹280 crore.
- The FAME India Scheme Phase-II was introduced in 2019, extending over five years with a total budget of ₹11,500 crore. This phase resulted in the sanctioning of 6,862 electric buses, with government incentives amounting to around ₹3,009 crore.
- The Production Linked Incentive Scheme for the Automobile and Auto Component Industry (PLI-AAT) provides a budget of ₹25,938 crore to boost India’s manufacturing capabilities for advanced automotive products, including electric vehicles and their components. This scheme offers incentives for various types of electric vehicles, such as electric two-wheelers, three-wheelers, four-wheelers, trucks, and buses
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