Charging Infrastructure Policies
FAME II set the target of installation of 2,700 charging stations in cities with over 1 million population. In February 2023, the Ministry of Heavy Industries announced Rs 800 crores in funding to deploy 7,432 public fast-charging stations, covering 80% of upstream infrastructure costs. Each state has support for charging infrastructure and battery swapping to promote the transition to electric two- and three-wheeler vehicles in the ridesharing and delivery sectors.
India’s FAME II program provides funding for the purchase of two- and three-wheelers, buses, and passenger cars, ranging from Rs 10,000 to Rs 20,000 per kWh of battery capacity. India’s state-level subsidies varies from flat purchase subsidy to a percentage of the EV’s purchase price or vehicle battery capacity.