Fame 2 Scheme Modified Partially, Aggregation Via EESL To Bring Down E-3W Cost

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The government has partially modified the FAME-II scheme (Faster Adoption and manufacturing of electric vehicles in India) under the National Mission for Clean mobility.

Under this, aggregation will be the key method for bringing the upfront cost of EV-3W at an affordable level and at par with ICE-3W. 

EESL will aggregate demand for 3 lakh electric 3 wheelers for multiple user segments. Details will be worked out by EESL for implementation.

Four million plus cities( Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Kolkata, Chennai, Surat and Pune) will be targeted for electric buses. 

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. EESL will go for aggregation of demand in these nine cities for remaining e-buses under the scheme on OPEX basis.

The demand incentive has been increased to INR 15000/Kwh with a cap of 40% of the cost of the vehicle for electric 2 wheelers. Also, the FAME-II scheme is likely to be extended by two years to 2024. One of the reasons for the extension and restructuring could be that only 5% or INR 500 crore of the allocated INR 10,000 crore has been spent so far.

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