In a significant push towards electric mobility, the Government of India has taken commendable steps to encourage the adoption of electric vehicles (EVs) and establish a robust charging infrastructure.
Under Phase-II of the FAME-India Scheme (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India), buyers of electric vehicles are incentivised with upfront reductions in purchase prices. These incentives, linked to battery capacity, amount to Rs 10,000/KWh for e-3W and e-4W vehicles, capped at 20 per cent of the vehicle cost. For e-2W vehicles, the incentive is set at Rs 10,000/KWh, with a cap of 15 per cent of the vehicle cost, effective from June 1st, 2023.
Additionally, the Government has approved a Production Linked Incentive (PLI) Scheme for the manufacturing of Advanced Chemistry Cells (ACC) in the country. With a total outlay of Rs 18,100 crore for five years, this scheme aims to establish a competitive ACC battery manufacturing setup of 50 GWh capacity and includes 5 GWh of niche ACC technologies.
To further promote electric mobility, the FAME India Scheme was launched in 2015 on a pan-India basis. Currently, Phase-II of the scheme is in operation for a period of five years from April 1, 2019, with a total budgetary support of Rs 10,000 crore.
In terms of charging infrastructure, the country now boasts 8,738 operational Public Charging Stations (PCS) as of June 30, 2023, according to data available with the Bureau of Energy Efficiency (BEE), Ministry of Power.
