Focus on e-mobility in public transport via FAME scheme:Govt

Image
Press Trust of India New Delhi
Last Updated : Dec 28 2017 | 5:35 PM IST
The government today said it will give a fresh thrust to e-mobility in public transport through the extension of FAME scheme till March 31, 2018.
In a written reply to a query in the Rajya Sabha, Minister of State for Heavy Industries and Public Enterprises, Babul Supriyo said financial incentives will be given in purchase of electric buses, three-wheelers, four-wheelers and in setting up charging infrastructure for public transport.
The first phase of the FAME scheme, which was initially for a period of two years commencing from April 1, 2015 has been extended till March 31, 2018.
"In the extended period of Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India (FAME scheme), the Department of Heavy Industries has decided to give a fresh thrust to e-mobility in public transport," Supriyo said.
Accordingly an expression of interest has been issued calling for proposals from state governments for providing a concerted push to e-mobility, he added.
"Financial incentives for purchase of electric buses, three wheelers and four wheelers and for setting up charging infrastructure for public transport and shared mobility will be given from the scheme under this special thrust," the minister said.
In a separate reply, Supriyo said that till November 30, 2017, the government has extended demand incentives to 1,63,997 hybrid/electric vehicles under FAME India Scheme.
Besides, the minister said that there is no proposal under consideration in his ministry for the country to have all electric vehicles by 2030.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 28 2017 | 5:35 PM IST

Next Story