Expansion of EV Charging Stations Under FAME-II Scheme Gains Momentum
ECONOMY & POLICY

Expansion of EV Charging Stations Under FAME-II Scheme Gains Momentum

India's electric vehicle (EV) infrastructure is rapidly expanding under the FAME-II scheme, with a significant allocation of Rs 839 crore towards public charging stations. As of now, Rs 633.44 crore has been utilised, demonstrating strong progress in establishing a robust EV charging network.

Over the past five years, the government has systematically released funds for EV public charging stations (EVPCS), with a major disbursement of Rs 560 crore in FY 2022-23 and ?51.45 crore in FY 2023-24. This investment aims to accelerate the adoption of electric mobility across the country.

The Ministry of Power’s "Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024", issued on 17th September 2024, promote sustainable energy integration by encouraging EV charging during solar hours at concessional tariffs and supporting solar carports in bus depots. The guidelines also emphasise public-private partnerships, simplifying the licensing process for setting up charging stations and promoting a revenue-sharing model for land allocation.

To facilitate affordable access to land, public land will be made available to government and public entities at Rs 1 per kWh, while private entities can acquire land through competitive bidding with a floor price of ?1 per kWh. Furthermore, state governments have been advised to allow round-the-clock operations of battery swapping stations (BSS), ensuring seamless EV adoption and infrastructure expansion across India.

India's electric vehicle (EV) infrastructure is rapidly expanding under the FAME-II scheme, with a significant allocation of Rs 839 crore towards public charging stations. As of now, Rs 633.44 crore has been utilised, demonstrating strong progress in establishing a robust EV charging network. Over the past five years, the government has systematically released funds for EV public charging stations (EVPCS), with a major disbursement of Rs 560 crore in FY 2022-23 and ?51.45 crore in FY 2023-24. This investment aims to accelerate the adoption of electric mobility across the country. The Ministry of Power’s Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024, issued on 17th September 2024, promote sustainable energy integration by encouraging EV charging during solar hours at concessional tariffs and supporting solar carports in bus depots. The guidelines also emphasise public-private partnerships, simplifying the licensing process for setting up charging stations and promoting a revenue-sharing model for land allocation. To facilitate affordable access to land, public land will be made available to government and public entities at Rs 1 per kWh, while private entities can acquire land through competitive bidding with a floor price of ?1 per kWh. Furthermore, state governments have been advised to allow round-the-clock operations of battery swapping stations (BSS), ensuring seamless EV adoption and infrastructure expansion across India.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code