The sale of electric vehicles has registered a growth of 49.25 per cent during the last calendar year, 2023 and the Government has given subsidy amounting to Rs 5790 crore to EV manufacturers on sale of 13,41,459 number of EVs under phase-II of the Faster Adoption and Manufacturing of (Hybrid) Electric Vehicles (FAME) scheme.
The Ministry of Heavy Industries (MHI) sanctioned 2,877 EV charging stations in 68 cities across 25 states/UTs. Out of these charging stations,148 EV charging stations are constructed and operational.
The Ministry also sanctioned Rs 800 crore as capital subsidy to the three oil marketing companies (OMCs) for establishment of 7,432 electric vehicle public charging stations, Minister of State for Heavy Industries Krishan Pal Gurjar has informed Rajya Sabha. Under phase-II of FAME India Scheme, subsidy amounting to Rs 5790 crores has been given to EV manufacturers on sale of 13,41,459 number of EVs as on 31 January, 2024. Further, MHI sanctioned 6,862 electric buses to various cities/STUs/state Govt entities for intracity operations. Out of 6,862 e-buses, 3487 e-buses have been supplied to STUs as on 29 November, 2023. The Phase-II of FAME India scheme, initially for a period of 5 years w.e.f. 1 April, 2019 with an outlay of Rs 10,000 crore was further enhanced to Rs 11,500 crore.
The PLI scheme for the automotive sector with a budgetary outlay of Rs 25,938 crore provides incentives up to 18 per cent for EVs. The PLI scheme for manufacturing of ACC in the country with a budgetary outlay of Rs 18,100 crore envisages to establish a competitive ACC battery manufacturing set up in the country for 50 GWh. Additionally, 5GWh of niche ACC technologies is also covered under the scheme.