India : PM Modi likely to announce road map for electric mobility this week

The budget for FAME scheme has gradually been increased from Rs 144 crore in 2016-17 to Rs 235 crore in 2017-18. For FY19, Rs 260 crore has been allocated

Electric vehicles could soon get a much-needed policy push with Prime Minister, Narendra Modi expected to announce a road map for e-mobility at a global transport summit on September 7 in New Delhi.

According to officials and people in the know, Modi could reveal details of the second phase of Faster Adoption and Manufacturing of (Hybrid and) Electric (FAME) scheme including a road map for charging infrastructure, subsidy available under the second phase, and the likely rollout date among others.

“He (the Prime Minister) will basically announce the salient points of the policy… He could talk about the number of charging stations that the government plans to set up, the Rs 5,500 crore subsidy scheme could be discussed, waiver of permits for e-rickshaws and lower age of 16 years for obtaining licences for e-scooter, exemption of toll for e-vehicles and easy registration of electric cars…things like these with an overall monetary component could be expected,” said an official on condition of anonymity.

 

Source : https://www.moneycontrol.com/news/india/pm-modi-likely-to-announce-road-map-for-electric-mobility-during-move-summit-2910661.html

Smart Grid Bulletin November 2018


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