Speed Post News Network
New Delhi : The Department of Heavy Industry (DHI) is administering Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME India) Scheme for promotion of adoption of electric/hybrid vehicles (xEVs) in India since April 1, 2015.
The Phase-I of the Scheme was extended from time to time and the last extension was allowed till March 31, 2019. At present, Phase-II of FAME India Scheme is being implemented for a period of 3 years from April 1, 2019, with a total budgetary support of Rs 10,000 crore. This phase will mainly focus on supporting electrification of public and shared transportation, and aims to support through demand incentive approx. 7,000 e-Buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers.
With greater emphasis on providing affordable and environment friendly public transportation options for the masses, the scheme will be applicable mainly to vehicles used for public transport or those registered for commercial purposes in e-3W, e-4W and e-bus segments. However, privately owned registered e-2W will also be covered under the scheme as a mass segment. In addition, creation of charging infrastructure will be also supported to address range anxiety among users of electric vehicles, according to a PIB release.
In the First Phase of the Scheme, about 2.8 lakh hybrid and electric vehicles are supported by way of demand incentive amounting to about Rs 359 crore. The Department of Heavy Industry sanctioned 425 electric and hybrid buses to various cities in the country with total cost of about Rs 300 crore. The Department has also sanctioned about 500 Charging Stations/ Infrastructure for Rs 43 crore (approx.) under Phase-I of FAME-India Scheme.
Under Phase-II of FAME India Scheme, about 14,160 Electric Vehicles have been supported till February 26, 2020, by way of Demand Incentive amounting to about Rs 50 crore and 5,595 electrical buses have also been sanctioned to various State/ City Transport Undertakings under Phase-II of the Scheme. This involves Government incentive of around Rs 2,800 crore.
TH DHI has also sanctioned 2,636 Electric Vehicles (EVs) Charging Stations amounting to Rs 500 crore (Approx.) in 62 cities across 24 States/UTs under FAME India Scheme phase II.
Under the new GST regime, GST on EVs has been reduced from 12% rate to 5%. The Ministry of Power has allowed sale of electricity as ‘service’ for charging of electric vehicles. This will provide a huge incentive to attract investments into charging infrastructure. The Government has also granted exemption to the Battery Operated Transport Vehicles and Transport Vehicles running on Ethanol and Methanol fuels from the requirements of permit. In the budget of 2019-20, the Finance Minister had announced provision of additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles.
This information was given by Heavy Industries & Public Enterprises Minister Prakash Javadekar in a written reply in Lok Sabha on March 3, 2020.
Yes! Finally someone writes about Sex Dating.
Yesterday, while I was at work, my sister stole my iPad and
tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83
views. I know this is completely off topic but I had to share it with someone!