As of July 31, 2024, the FAME-II has processed claims of ₹68.25 billion for 1.67 million electric vehicles, said the Minister of State for Heavy Industries and Steel in Rajya Sabha.
On Friday, the Minister of State for Heavy Industries and Steel (MHI), Bhupathi Raju Srinivasa Varma, stated that under the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) Scheme, ₹68.25 billion has been claimed for 16,71,606 electric vehicles as of July 31, 2024.
He claimed this in a written reply to the upper house of parliament, which included an updated status of the schemes in the EV sector that are running to date.
He highlighted that claims submitted under the scheme include 14,69,343 electric two-wheelers, 1,78,952 electric three-wheelers, and 23,311 electric four-wheelers, totalling 16,71,606 vehicles.
Additionally, 6,862 electric buses were approved for various cities and state transport units under the FAME-II Scheme, with 4,853 delivered by July 31, 2024.
Furthermore, the Minister also said that the government currently has four schemes running for the EV sector. One of the schemes includes the Electric Mobility Promotion Scheme 2024 (EMPS), with a ₹7.78 billion budget, which offers incentives for e-2W and e-3W purchases from April 1 to September 30, 2024.
He also mentioned the Production Linked Incentive Scheme for the Automobile and Auto Component Industry (PLI-AAT), in which ₹259.38 billion is allocated and supports a wide range of electric vehicles, including e-buses and e-trucks.
By March 31, 2024, approved applicants reported investments of ₹178.96 billion and incremental sales of ₹33.7 billion. The PLI-Auto Scheme’s tenure was extended by one year through notifications dated December 29, 2023.
Additionally, the Production Linked Incentive Scheme for Advanced Chemistry Cells (PLI-ACC), with a ₹181 billion budget, is progressing to enhance domestic battery manufacturing. A new scheme is also focused on promoting electric passenger car production, aiming to attract global EV investments and position India as a major e-vehicle manufacturing hub.
Varma further stated that MHI has allocated ₹8 billion in capital subsidies to three Oil Marketing Companies (OMCs) for 7,432 public EV charging stations, with ₹5.6 billion released so far. In March 2024, an additional ₹735 million was sanctioned under FAME II for 980 new fast-charging stations, with ₹514.5 million already disbursed.
The Ministry of Heavy Industries launched the FAME India Scheme in 2015 to boost electric and hybrid vehicle adoption. Phase I, ending March 2019 with an ₹8.95 billion budget, focused on technology, demand generation, pilot projects, and charging infrastructure. It supported 280,000 EVs with ₹3.59 billion in incentives, deployed 425 electric buses with ₹2.8 billion, and set up 520 charging stations with ₹430 million.
The second phase, starting April 2019 with a ₹115 billion budget, aimed to support 7,262 e-buses, 1,55,536 e-3 wheelers, 30,461 e-cars, and 15,50,225 e-2 wheelers, alongside charging infrastructure.
