Indian Government Set to Provide Cities ₹105 Crore for EVs

  • Published By: Droom
  • 10 November 2017
  • 628 Views

The pilot project, under the FAME India scheme, is aiming for large-scale adoption of electric vehicles.

Cities with a population of above 10 lakh have been asked to submit proposals for extending grants of ₹105 crore under the FAME India scheme, which is looking to promote large-scale adoption of Electric Vehicles (EVs) in multi-modal public transport. Electric vehicles and shared mass transport will help bring down high pollution levels in major cities.

Apart from the ₹105 crore per city grant, separate funds for charging infrastructure in the selected cities will be provided, with a ceiling of ₹15 crore per city. Funding will be provided for electric buses, electric four-wheelers, passenger cars and electric three-wheelers that run on new-generation batteries without lead such as lithium polymer, lithium iron phosphate, nickel metal hydride, zinc air.

Demand incentives will also be given to Special Category States to set up charging infrastructure. The government also intends to reduce prices to enable wider adoption, under the FAME India Scheme.

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