- MoHI&PE has decided for the aggregation of electric three-wheelers and electric buses component of the scheme via state run Energy Efficiency Services Ltd (EESL), to bring down the cost of electric 3 Wheelers to that of ICE-3 Wheelers.
- For Electric Buses, EESL will generate demand in 9 cities with over 4 million-plus population like Delhi, Mumbai, Bangalore, Hyderabad, Ahmedabad, Kolkata, Chennai, Surat and Pune.
Extension of FAME India Phase II:
- The phase II of FAME began in 2019 which was approved by the government with an outlay of Rs. 10,000 Crore for a period of 3 years up to 31 March 2022.
- Only 5 percent, or Rs 492 crore is spent out of the Rs 10,000 crore (budgetary allocated) till March 2021, hence the scheme is likely to be extended till 2024.
- The second phase is to support the electrification of public and shared transportation and help create charging infrastructure.
About FAME India Phase I
i.FAME – India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] to promote hybrid/electric technology in transportation so as to reduce dependency on fossil fuel.
ii.Phase I of the scheme was started in the financial year 2015-2016 with an aim to complete by 2 years.But it was extended upto 2019.
iii.The scheme has four focus areas i.e. Technology Development, Demand Creation, Pilot Project and Charging Infrastructure.
Recent Related News:
‘Global EV Outlook 2021’ – the recently released Annual Report of the International Energy Agency (IEA) has stated that the sale of Electric Vehicles (EVs) will be more than 30% of new vehicle sales in India by 2030.
About Energy Efficiency Services Ltd (EESL):
EESL is a joint venture of NTPC Ltd, Rural Electrification Corp. Ltd, Power Finance Corp. Ltd and Power Grid Corp. of India Ltd.
Establishment – 2009 (100% owned by government, Ministry of Power)
Headquarters – New Delhi
Chairman – Rajeev Sharma
About Ministry of heavy industries and public enterprises(MoHI&PE):
Union Minister – Prakash Javadekar
Minister of State – Arjun Ram Meghwal