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
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Next Story
Infrastructure Urban

Balu Forge Q1 FY27 Profit Rises 15.9 Per Cent to Rs 661 Mn

Balu Forge Industries Ltd (BFIL) reported a 29 per cent year-on-year increase in revenue from operations to Rs 3,007 million for the quarter ended June 30, 2026, compared with Rs 2,332 million in Q1 FY26.The precision engineering and manufacturing company recorded EBITDA of Rs 848 million, up 17.3 per cent from Rs 723 million in the corresponding quarter last year. EBITDA margin stood at 28.2 per cent, compared with 31 per cent in Q1 FY26.Profit after tax increased 15.9 per cent YoY to Rs 661 million from Rs 570 million, while PAT margin stood at 21.7 per cent. Earnings per share rose 8.9 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement