Centre Calls For Deploying 5K Electric Buses Under FAME II

Centre Calls For Deploying 5K Electric Buses Under FAME II

SUMMARY

Department of Heavy Industries has issued an Expression of Interest (EOI)

The selected cities will be offered a subsidy of 40% on cost

The total estimated budgetary support for purchase of the buses is INR 2,500 Cr

The Department of Heavy Industries has issued an Expression of Interest (EOI) calling for proposals from state transport departments. The government is looking at deployment of 5,000 electric buses, to be supported under the Fame-II scheme.

The EOI showed that the selected cities will be offered a subsidy of 40% on cost, or up to INR 55 Lakh per standard bus of 10-12 metres. Further, the incentive for a midi-bus of 8-10 metres is up to INR 45 Lakh, while for a mini electric bus, it is INR 35 Lakh. “The main intention of extending demand incentive for electric buses is to reduce the upfront capital cost of such electric buses,” the EoI said.

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