The Ministry of Heavy Industries announced a milestone achievement under the FAME India-II scheme, with 16.15 lakh electric vehicles (EVs) incentivised to date. This incorporates 14.27 lakh electric two-wheelers (e-2Ws), 1.59 lakh electric three-wheelers (e-3Ws), 22,548 electric four-wheelers (e-4Ws), and 5,131 electric buses.
Charging Ahead with Infrastructure
A vigorous EV infrastructure is additionally taking shape, with 10,985 public charging stations (PCS) authorized, 8,812 of which are as of now set for establishment. Strikingly, Karnataka leads in PCS sending with 5,765 stations, taken after by Maharashtra (3,728) and Uttar Pradesh (1,989). In general, India presently crows 25,202 operational EV open charging stations.
Budget and Investment
As of October 31, 2024, the government has spent Rs 8,844 crore on the FAME-II scheme. This includes Rs 6,577 crore for subsidies, Rs 2,244 crore for capital assets, and Rs 23 crore for miscellaneous expenses. The scheme, with an cost of Rs 11,500 crore, has been instrumental in reducing GST on EVs and supporting state EV arrangements, quickening India’s shift to sustainable portability.
Government Initiatives Driving EV Adoption
The newly introduced PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme will further boost EV adoption. Launched in September 2024 with a Rs 10,900 crore budget, it centres on improving EV infrastructure and fostering a robust manufacturing ecosystem. Rs 2,000 crore has been reserved for installing public charging stations under this initiative.
Future Prospects
“With the success of FAME-II and the launch of PM E-DRIVE, India is on the fast track to getting to becoming a global leader in sustainable mobility,” remarked a Ministry of Heavy Industries official. The government’s continued push for EV incentives and infrastructure, coupled with strong arrangements, is anticipated to essentially increment EV entrance over segments, paving the way for a greener future.
As India drives into 2025, the center remains clear: accelerate EV adoption, expand charging infrastructure, and strengthen the EV ecosystem for a sustainable and self-reliant future.
