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The central government has sanctioned how many crores for setting up 7432 public EV charging stations?
A)
Rs 700 crore
B)
Rs 800 crore
C)
Rs 900 crore
D)
Rs 1000 crore

Correct Answer :   Rs 800 crore


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

Published On : March 29, 2023
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