Electric Vehicles (EV) in India have seen a boom in terms of both consumer demands and manufacturing capacities. FAME policy has paved way to accelerate demand of EVs, whereas PLI scheme has opened the doors for companies to manufacture EV components.
Photo Source: Pexel
New Delhi, November 9: Indian government is set to expand the Faster Adoption and Manufacturing of Electric Vehicle scheme to other states in the country and set-up manufacturing base of EV lithium-ion batteries.
The Union Minister for Heavy Industries Mahendra Nath Pandey has said that the FAME policy will have a special focus on Jammu & Kashmir with the roll-out of electric buses in the state. He also said that through Production Linked Incentive (PLI) scheme India can become a net exporter of lithium-ion batteries by FY25.
Union minister Pandey stated that the focus would now be to take FAME II to states like Himachal Pradesh & Assam. The EV policy is present in Tier 1 cities such as Bengaluru, Ahmedabad, Mumbai and Delhi (for supplying electric buses under FAME).
He said that under FAME, government has given special emphasis to two-wheeler. The support for EV two-wheelers started under FAME-1 and is continuing in FAME-2. As of 7 November, 6,10,580 vehicles have been provided green subsidy by the government.
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