All 7,000 Electric Buses Under FAME-II Scheme Likely To Be On Roads By Next Year – Heavy Industries Ministry Official

0
59

A senior official from the Heavy Industry ministry stated that all 7,000 electric buses covered by the FAME-II scheme will likely be operating in different cities across the country within the next year.

Over 3,000 electric buses are operating in the country out of the estimated 7,000 electric buses that were built under FAME-II.

The Faster Adoption and Manufacturing of Electric Vehicles -Phase II, a scheme to promote electric mobility in India, was approved in 2019.

It is planned that the scheme will support 10 lakh electric two-wheelers as well as 5 lakh electric three-wheelers, 55,000 four-wheelers as well as 7,000 electric buses.

Hanif Qureshi, Joint Secretary to the Ministry, stated that the government is making efforts to encourage growth in the sector and accelerate the adoption of electric vehicles.

“Electric mobility is an important component to reduce carbon emissions. The government has created schemes to encourage EVs. FAME is a demand-driven incentive scheme. There have been 7,000 incentives under this scheme.”

ALSO READ  Revfin Closes Its Series A Funding Round Of $10 Million

“I hope it will be on the roads in the next year,” he said. He said that there are more incentives for buses at the Auto Expo 2023.

He said that the government had created a production-linked incentive program for the manufacturing of advanced cell chemistry batteries to help strengthen the country’s EV ecosystem.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.