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EV sector may have to wait longer for FAME subsidy extension

The interim budget did not mention an extension of the FAME subsidy, leaving EV makers uncertain about the future of the FAME II scheme. While the governments emphasis on wider adoption of electric public transport and expanding charging infrastructure is positive, clarity on subsidies, taxation, and details of new schemes is needed. The sector also faces challenges such as the need for ample parking space and safe charging points for light electric vehicle charging.
Amitabh Saran Varun Goenka Nirmala Sitharaman Alok Saha Preetham Hegde Centre Faster Adoption

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TOKYO -- Natural rubber prices have climbed to a level not seen in nearly three years on growing demand from China's electric vehicle industry&nb
Osaka Exchange
Source: nikkei.com

SINGAPORE -- Rising Chinese electric vehicle maker BYD plans to roughly double its sales outlets in Singapore and the Philippines together as it pursu
Elon Musk
Source: nikkei.com

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