Context:
ICRA said that E-buses will account for 11-13% of new bus sales by FY25.
- Steady progress has been made towards meeting the e-bus deployment targets under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme.
FAME India Scheme:
- A part of the National Electric Mobility Mission Plan.
- Aim – To encourage electric vehicles by providing subsidies.
- Monitoring Authority: Ministry of Heavy Industries and Public Enterprises
- Covers Hybrid & Electric technologies like Mild Hybrid, Strong Hybrid, Plug in Hybrid & Battery Electric Vehicles.
- 4 focus Areas –
- Technology development
- Demand Creation
- Pilot Projects
- Charging Infrastructure
National Electric Mobility Mission Plan (NEMMP):
- Aims at promoting hybrid and electric vehicles.
- Objective – To achieve targets set out in the NEMMP is the “Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles” (FAME) scheme.
- It sets out the target to achieve 6-7 million sales of hybrid and electric vehicles year on year from 2020 onwards by providing fiscal incentives.
ICRA (Investment Information and Credit Rating Agency of India Limited):
- An Indian independent credit rating agency.
- Formerly called – Investment Information and Credit Rating Agency of India Limited (IICRA India).
Must Read: Credit Rating Agency
Related News
Recently, 14th Clean Energy Ministerial’s e-FAST India event aimed at promoting sustainable transport in India.
About e-FAST India:
- Country’s 1st electric freight platform
- Spearheaded by – NITI Aayog
- Purpose – For transition towards cleaner freight transportation.
- Need for freight electrification –
- Approximately 71% of the total freight movement in India is attributed to road transportation.
- The freight sector is responsible for nearly 14% of the country’s total greenhouse gas (GHG) emissions.
Clean Energy Ministerial is a high-level global forum to promote policies and programmes that advance clean energy technology to encourage the transition to a global clean energy economy. India is a member.
Source: The Hindu
Previous Year Question
Consider the following statements:
1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
2. One of the tasks of PNGRB is to ensure competitive markets for gas.
3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity.
Which of the statements given above are correct?
[UPSC Civil Services Exam – 2019 Prelims]
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (b)
