India is all set for the adoption of electric vehicles; however, the existing infrastructure leaves a lot to be desired for. Despite numerous economical and environmental benefits, the adoption of EVs is pretty low right now and that can be attributed to our existing infrastructure. If the reports can be believed, with India’s existing infrastructure, India will be able to achieve just 30 percent electric vehicles by 2030 as opposed to its target of a 100 percent switch.
The Launch of FAME-II
FAME stands for ‘Faster Adoption and Manufacturing of Electric Vehicles’. This scheme is anticipated to bring a major boost to the EV segment. FAME II is considered to be an extension of FAME 1 which was launched in early 2019. Electric vehicle buyers can enjoy income tax exemptions and also GST reduction from 12 percent to 5 percent on EV purchases.
India also saw the launch of a 3-year scheme in April 2019 for the duration of FY 19-20 and FY 21-22. The scheme is intended to encourage people for buying electric vehicles. The scheme also aims at setting up 2700 charging stations in smart cities, metros, and hilly states across the nation. The idea is to have at least one charging station within a grid of 3km x 3km. Charging stations will also be set up on India’s major highways.
Industry experts call it a welcome move and it will certainly elevate the confidence of investors and manufacturers. EV charging infrastructure Company in India say that there is a need for standardized charging infrastructure in India. The Indian government realizes it and planning to come up with a charging infrastructure of its own. Apart from the existing Bharat Standard, the center has adopted both CCS and CHAdeMo charging technologies in India. Some experts opine that the majority of EVs in India are 2 wheelers and 3 wheelers and these two technologies may turn out to be pretty expensive.
The Indian government has joined hands with EESL (Energy Efficiency Services Limited) for the standardization of EV charging. A capital grant from the Union government under FAME II will cover the procurement costs for the same.
Recently, a set of guidelines was issued by the Ministry of Power for the development of EV charging stations in India. Private charging stations can be set up at homes or offices; however, EV charging station manufacturers will have to comply with the guidelines.
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