Rs.800cr sanctioned for oil companies to set up 7,432 EV charging stations
A Rs.25,938 crore Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry is being provided as financial incentives to boost domestic manufacturing of Advance Automotive Technologies (AAT) products (including electric vehicles and their components), and make India a global supplier of OEMs.
Giving this update in Lok Sabha on 12 Dec 2023, Minister of State for Heavy Industries Krishan Pal Gurjar listed measures being undertaken to make India into a supplier base for global Original Equipment (OEM) manufacturers.
He said the Ministry of Heavy Industries (MHI) has taken following steps to support OEMs:
The Government on 12 May 2021 approved Production Linked Incentive (PLI) scheme, ‘National Programme on Advanced Chemistry Cells (ACC) Battery Storage’ in order to promote manufacturing in the country. The Rs.18,100 crores scheme aims to establish a cumulative ACC battery manufacturing capacity of 50 GWh.
He said the Ministry has notified Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years starting from 1 April 2019.
The Rs.10,000 crore phase mainly focuses on supporting electrification of public & shared transportation, and aims to support through demand incentive 7,090 e-buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers.
In addition, creation of charging infrastructure is also supported under the Scheme.
Under phase-II of FAME India Scheme, subsidy amounting to Rs.5,283 crore has been given to electric vehicle manufacturers on sale of 1,175,888 of electric vehicles as on 8 Dec 2023.
The Ministry has also sanctioned Rs.800 crore as capital subsidy to the three Oil Marketing Companies (OMCs) of the Ministry of Petroleum and Natural Gas (MoPNG) for establishment of 7,432 electric vehicle public charging stations, said Gurjar. Fiinews.com
