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ACC battery: Govt pushing ACC battery storage scheme, budget hiked 6x in last few years: Official

The budget allocation for the advanced chemistry cell (ACC) sector has increased sixfold in recent years, indicating the governments commitment to enhancing the countrys energy storage capabilities. The National Programme on Advanced Chemistry Cell (ACC) battery storage, approved by the Union Cabinet in May 2021 with a budget of Rs 18,100 crore, aims to bolster the electric mobility and battery storage ecosystem in India.
New Delhi Rahul Walawalkar India Energy Storage Week Ministry Of Heavy Industries Vijay Mittal Union Cabinet On Ministry Of Heavy Industries

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Government EV push, FAME II ending March 31st 2024, FAME III likely in main budget in July

In the Interim budget of this year, finance minister has allocated Rs 2671.33 crore for FAME III scheme but details of it is likely to be announced by the new government in the main budget in July 2024. It is almost 44% cut from the allocation of FY 2023-24, but Industry expects government will hike this amount in the main budget.
Rajya Sabha Ministry Of Heavy Industry Heavy Industry Electric Mobility Electric Vehicle Fame 2

Electric Vehicle Scheme: Government EV push, FAME II ending March 31st 2024, FAME III likely in main budget in July, ET Auto

Electric Vehicle Scheme: In the Interim budget of this year, finance minister has allocated INR 2671.33 crore for FAME III scheme but details of it is likely to be announced by the new government in the main budget in July 2024. It is almost 44% cut from the allocation of FY 2023-24, but Industry expects government will hike this amount in the main budget.
Rajya Sabha Ministry Of Heavy Industry Heavy Industry Electric Mobility Electric Vehicle Scheme Electric Vehicle

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