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Mar 16, 2020

Govt set up an ambitious target to achieve sales of around 70 lakh hybrid and electric vehicles in 2020

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The government has set an ambitious target to achieve sales of around 70 lakh hybrid and electric vehicles by the end of this year. Giving this information in a written reply in the Rajya Sabha today, Heavy Industries Minister, Prakash Javadekar said, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India, FAME scheme was initiated in 2015. He said the scheme was formulated to promote the manufacturing of electric and hybrid vehicle technology under the National Electric Mobility Mission Plan 2020. In the 2nd phase of the scheme, it is aimed to support through demand incentives about seven thousand E-buses, 5 lakh E-3 wheelers, 55 thousand E-4 wheelers passenger cars and 10 lakh E-2 wheelers. He said the creation of charging infrastructure will be supported to address the anxiety among users of electric vehicles.

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