Hybrid vehicles Current Affairs - 2019
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The government had introduced the FAME II scheme to boost the adoption of electric and hybrid vehicles in the country. The Confederation of Indian Industry (CII) has made the following observations about the scheme:
- It estimates that India can save 64% of anticipated road-based mobility-related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric, and connected mobility future.
- This reduction in energy demand would result in the reduction of 156 million tonnes of oil equivalent (Mtoe) in diesel and petrol consumption for that year and net saving of approximately $60 billion in 2030 at present oil prices.
- Further, this would give impetus to India’s vision of reducing oil imports by 10% by 2022.
- The electric vehicle penetration in India is currently at just 1%, FAME alone is not enough to reach the 30% electric vehicles target by 2030.
- CII calls for boosting of the domestic manufacturing of vehicles, components and batteries needed to be boosted, along with skill development across the value chain, and the strategic sourcing of key raw material.
- For transport to go truly green, there must be accompanied by a rising share of renewables along with environmentally sustainable batteries.
Transport sector in India continues to be the highest oil consuming sector and the use of diesel and petrol grew at 5.9% and 9.9% respectively in the last 10 years. India’s import dependency on oil has increased from 78.3 per cent of total consumption in 2014-15 to settling at a new high of 83.7% in the 10-month period of FY19. Hence FAME scheme has multiple benefits for both the economy and environment.
The Cabinet Committee on Economic Affairs (CCEA) has approved Rs 10,000 crore package over three years till 2022 for the second phase of Faster Adoption & Manufacturing of Electric (and hybrid) vehicles (FAME) scheme.
FAME II Scheme
- The FAME scheme is aimed at encouraging faster adoption of Electric and hybrid vehicle by way of offering an upfront incentive on the purchase of Electric vehicles and also by way of establishing a necessary charging Infrastructure for electric vehicles.
- FAME II emphasizes on electrification of the public transportation that includes shared transport.
- The Scheme would provide incentives on operational expenditure model for electric buses which will be delivered through State/city transport corporation (STUs).
- In the 3-wheeler and 4-wheeler segment incentives will be applicable mainly to vehicles used for public transport or registered for commercial purposes.
- In the 2-wheeler segment, the focus would be on private vehicles.
- The Scheme aims to support 10 Lakhs e-2W, 5 Lakhs e-3W, 55000 4Ws and 7000 Buses.
- The benefit of incentives will be extended for only those vehicles which are fitted with an advanced battery like a Lithium-Ion battery and other new technology batteries.
- The Scheme also proposes for the establishment of charging infrastructure, whereby about 2700 charging stations will be established across the country so that there is an availability of at least one charging station in a grid of 3 km x 3 km.
FAME-II is the expanded version of the present scheme titled FAME India 1 which was launched on 1st April 2015.