Centre Sanctions Rs 800 Cr For Installation Of 7,432 EV Fast Charging Stations Across India

The Union Ministry of Heavy Industries on Tuesday said it has sanctioned Rs 800 crore under FAME India Scheme Phase II to three PSU oil marketing companies (OMC). 

The said amount has been sanctioned for setting up 7,432 public fast charging EV stations across the country.

The amount has been sanctioned under Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) Scheme Phase II.

According to official information, the ministry has released 70 per cent of the amount, amounting to Rs 560 crore, to three OMCs, namely Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL). 

This amount has been released as the first installment for the installation and commissioning of upstream infrastructure and charging equipment of EV public charging stations at respective retail outlets in the country.

The ministry said in an official statement that the installation is expected to be completed by March 2024. As per the official data, there are 6,586 charging stations across the country.

The minister for heavy industries Mahendra Nath Pandey said that this move will give a major push to the EV sector and encourage more people to switch to green transport. 

"The addition of the new 7,432 public charging stations will be a significant push to EV charging ecosystem," the release said, and added the charging capacity would be used for charging electric 2-wheelers, 4-wheelers, light commercial vehicles, and mini-buses,” Pandey remarked. 

He further added that the Centre is committed to promoting sustainable green mobility solutions and reducing the country's carbon emissions, which is the vision of Prime Minister Narendra Modi through his Net Zero mission.