Fame India Scheme Propels EV Startups to Lead and Surmount Challenges

India's electric vehicle (EV) industry is witnessing an unprecedented surge in growth as the country accelerates its transition towards sustainable and eco-friendly mobility solutions. The Ministry of Heavy Industries' visionary initiative, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme, has played a pivotal role in promoting EV adoption, revolutionizing public transportation, and developing charging infrastructure. As of 28th July 2023, a total of 8,47,578 electric vehicles have been sold under this scheme, marking a significant milestone in India's EV journey.

FAME India Phase II: Driving the Electric Revolution

Launched on 1st April 2019, the FAME India Phase II Scheme has been a driving force behind the rapid adoption of electric vehicles in the country. With a budgetary support of Rs. 10,000 crore, this ambitious scheme focuses on electrifying public and shared transportation. The primary goal is to incentivize the adoption of electric mobility by offering demand incentives for various categories of EVs.

Under the FAME India Phase II Scheme, the government aims to support the adoption of 7,090 electric buses, 5 lakh e-3 wheelers, 55,000 e-4 wheeler passenger cars, and 10 lakh e-2 wheelers. Additionally, the scheme prioritizes the development of charging infrastructure to address range anxiety concerns and boost EV adoption across India.

Milestone Achieved: Over 8.4 Lakh Electric Vehicles Sold

The FAME India Phase II Scheme has achieved a momentous milestone, with a staggering 8,47,578 electric vehicles sold by various manufacturers to consumers as of 28th July 2023. The total value of these EV sales amounts to approximately Rs. 4157.00 crore, a testament to the growing popularity of electric mobility in the country.

Breakdown of Electric Vehicle Sales

The electric vehicle sales can be categorized as follows:

1. Two-wheelers: Out of the total EV sales, an impressive 7,53,140 units were two-wheelers, highlighting the significant preference for electric scooters and motorcycles among Indian consumers.

2. Three-wheelers: Electric three-wheelers have also gained popularity, with 85,168 units sold, contributing to cleaner and greener last-mile transportation solutions.

3. Four-wheelers: Electric four-wheelers, including electric cars, have seen steady growth, with 9,270 units sold under the FAME India Phase II Scheme.

Powering Public Transportation: 6315 Electric Buses Sanctioned

In a bid to revolutionize public transportation, the Ministry of Heavy Industries has sanctioned a total of 6,315 electric buses to 65 cities, state transport undertakings (STUs), and state government entities for intracity operations. This move aims to reduce emissions, improve air quality, and create a more sustainable urban transport system.

State-wise Electric Vehicle Adoption

The Ministry of Road Transport and Highways' e-Vahan portal provides a comprehensive state-wise breakdown of registered electric vehicles across the country. As of the latest data available, a total of 27,44,019 electric vehicles have been registered.

Among the states, Andhra Pradesh emerges as the highest EV registered state with an impressive 66,500 electric vehicles on its roads. On the other hand, Arunachal Pradesh, the northeastern state, showcases its commitment to clean energy with 25 registered EVs. The national capital, Delhi, also showcases substantial EV adoption, boasting 2,29,305 electric vehicles.

A Thriving EV Ecosystem

As India continues to make remarkable strides towards sustainable transportation, the electric vehicle industry is experiencing unprecedented growth and a thriving startup ecosystem. The FAME India Phase II Scheme has been a game-changer, providing critical support to electrify public transportation and incentivizing consumers to embrace electric mobility.

The data presented by the Ministry of Heavy Industries is a testament to the success of the FAME India Phase II Scheme and the collective efforts of the government and EV manufacturers to drive the EV revolution in the country. With the ambitious targets set for the future, India's EV journey is undoubtedly on an upward trajectory, and the nation is well on its way to becoming a global leader in electric mobility.