The Ministry of Heavy Industries on Tuesday (28th March 2023) said Rs. 800 crore under Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme Phase -2 has been sanctioned to three PSU oil marketing companies (OMC) for setting up 7,432 public fast charging EV stations across the country.
* The ministry has released Rs. 560 crore or 70 per cent of the total amount to three OMCs -- Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) -- as the first installment for the installation and commissioning of upstream infrastructure and charging equipment of EV public charging stations at respective retail outlets in the country.
* The installation is expected to be completed by March 2024.
* At present, there are 6,586 charging stations across the country.
* The addition of the new 7,432 public charging stations will be a significant push to EV charging ecosystem, the release said, and added the charging capacity would be used for charging electric 2-wheelers, 4-wheelers, light commercial vehicles, and mini-buses..
* 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.
Source : AIR