Electric Buses Current Affairs

Government nod must for electric bus supply under FAME India Scheme

Government has made mandatory for Original equipment manufacturers (OEMs) to seek approval from Department of Heavy Industry (DHI) before accepting any proposal to supply electric buses for availing incentives under the FAME India scheme.

The move is aimed at facilitating smooth roll out and management of demand incentives for e-buses under FAME. After DHI gives the nod, OEMs become eligible for the incentives under the scheme.

FAME India Scheme

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) was launched in 2015 under National Electric Mobility Mission Plan (NEMMP) with an aim to promote eco-friendly vehicles in country.

Its objective is to provide fiscal and monetary incentives for adoption and market creation of both hybrid and electric technologies vehicles in the country. It aims at incentivising all vehicle segments, including two-wheelers, three wheeler auto, passenger four-wheeler vehicle, light commercial vehicles and buses.

The scheme covers hybrid and electric technologies like a strong hybrid, plug-in hybrid and battery electric vehicles. Its mandate is to support hybrid or electric vehicles market development and its manufacturing eco-system in country in order to achieve self-sustenance in stipulated period. It is being administered by the Heavy Industries Ministry.

Month: Categories: India Current Affairs 2018

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