FAME III: Could it charge up the EV industry again?
FAME III: Could it charge up the EV industry again? The FAME India scheme aims to incentivise electric vehicle OEMs and associated industries to increase domestic manufacturing of Electric Vehicles and to achieve 30% conversion of total transport into Electric Vehicles by 2030. The scheme is divided into 2 phases: Phase I and Phase II. During Phase I, INR 359 crores were provided to support 2.8 Lakh electric vehicles. The ongoing phase is FAME II with an allocated a budget…