5 months ago
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Govt. to rotation retired FAME-III soon; mightiness see hybrids
According to a media report, the authorities of India is apt to rotation retired the 3rd installation of the FAME strategy (Faster Adoption and Manufacturing of Electric Vehicles).
The study states that FAME-III could beryllium announced wrong the archetypal 100 days of the caller authorities taking charge. The Rs 10,000 crore inducement strategy mightiness see hybrid vehicles alternatively of electrical cars.
Under FAME-III, the authorities volition proceed to connection subsidies connected electrical 2-wheelers and 3-wheelers. Government-owned buses are besides expected to person the benefits of the scheme. That being said, the authorities are yet to scope a last determination connected whether to see electrical cars and taxi aggregators successful the FAME-III scheme.
After FAME-II ended connected March 31, 2024, the authorities introduced the Electric Mobility Promotion Scheme (EMPS) with a full allocation of Rs 500 crore. EMPS was a impermanent measurement until the wide elections were over. It is acceptable to lapse successful July 2024.
As per the report, companies seeking incentives connected the merchantability of electrical vehicles volition person to use for caller certification nether the caller scheme.
Source: ET Auto
Last edited by TusharK : 29th May 2024 astatine 11:13.
