Hybrid vehicles Current Affairs - 2019
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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.
Ministry of Heavy Industries and Public Enterprises has extended Phase-1 of FAME India Scheme to provide financial support to electric and hybrid vehicles by another six months till 30 September 2018 or till launch of phase-II. FAME India Scheme stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles.
The subsidy amount is yet to be decided but it will be sufficient for next six months. Earlier phase-I of FAME India Scheme was initially for two years viz. FY2015-16 and FY2016-17. But it was further extended for period of six month (till 31 March 2018) or till launching of Phase-II
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was launched in 2015 under National Electric Mobility Mission (NEMM). It aims at promoting eco-friendly vehicles in the country. The scheme is being administered by the Heavy Industries Ministry.
- Provide fiscal and monetary incentives for adoption and market creation of both hybrid and electric technologies vehicles in the country.
- Incentivise all vehicle segments, including two-wheelers, three wheeler auto, passenger four-wheeler vehicle, light commercial vehicles and buses.
Mandate: Support hybrid or electric vehicles market development and its manufacturing eco-system in country in order to achieve self-sustenance in stipulated period. It covers hybrid and electric technologies like a strong hybrid, plug-in hybrid and battery electric vehicles.
Four focused areas: Technology development, demand creation, pilot projects, and charging infrastructure.