In a push for green mobility, the Centre on Monday sanctioned Rs 800 crore under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME II) to three public sector oil-marketing companies (OMCs) for setting up 7,432 public fast-charging stations across the country.
In the first instalment, the Ministry of Heavy Industries has released 70 per cent (Rs 560 crore) of the dedicated Rs 800 crore to Indian Oil Corporation (IndianOil), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) for installation and commissioning of upstream infrastructure and charging equipment of electric vehicle (EV) public charging stations at respective retail outlets.
