Centre sanctions Rs 800 crore for setting up over 7000 public EV charging stations across country

Centre sanctions Rs 800 crore for setting up over 7000 public EV charging stations across country

• MN Pandey MP Centre has sanctioned Rs800crore rupees under FAME Scheme Phase -2 for setting up seven thousand 432 public fast charging stations across the country.
• The government has formulated Faster Adoption and Manufacturing of Electric Vehicles (FAME) India Scheme in 2015 to improve the infrastructure required for the large-scale use of electric vehicles. A wide network of electric vehicle charging stations will be soon deployed across the country by Oil Marketing Companies.
• The Committee headed by DG Bureau of Energy Efficiency has recommended certain changes to improve the viability of the development of public charging infrastructure. It includes supporting the upstream infrastructure, which generally cost up to 60 per cent of overall cost for setting up a Public Electric Vehicle charging station. This will make installation of charging stations easier by reducing the upfront cost. In addition, the earlier subsidy of 70 per cent on Electric Vehicle Supply Equipment will continue as before.

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Published date : 29 Mar 2023 04:13PM