Question : Use of Electric Vehicles

(a) whether the use of electric vehicles is increasing in the country;

(b) if so, whether the Government proposes to set up an institute for funding business, providing loans for public transports and commercial vehicle segment with focus on electric vehicles;

(c) if so, the details thereof;

(d) whether the Government is also formulating any scheme to provide incentive for manufacturing of equipments so as to promote the conversion of vehicles into electric vehicles;

(e) if so, the details thereof; and

(f) the time by which final decision is likely to be taken in this regard?

THE MINISTER OF STATE FOR HEAVY INDUSTRIES
(SHRI KRISHAN PAL GURJAR)

(a): Yes Sir, the use of electric vehicles is increasing in the country. As per the e-vahan portal (Ministry of Road Transport and Highways), at present there are about 8.77 lakhs active electric vehicles are on Indian roads as on 08.12.2021.

(b) & (c): No Such proposal is under consideration in the Ministry of Heavy Industries.

(d) to (f): Sir, under Phase-II of FAME-India Scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles.

Further, following two Production Linked Incentive (PLI) schemes are being implemented by the Ministry of Heavy Industries for promotion of manufacturing of electric vehicles:
i. The union cabinet on 12th May, 2021 approved a Production Linked Incentive (PLI) Scheme for setting up manufacturing facilities for Advance Chemistry Cell (ACC), Battery Storage in India, with a total manufacturing capacity of 50 Giga Watt Hour (GWh) and with an outlay of Rs. 18,100 crores for 5 years.
ii. Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components with a budgetary outlay of Rs. 25,938 crores over a period of five years. Electric vehicles are covered under Production Linked Incentive (PLI) Scheme for Automobile and Auto Components.
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