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Need FAME scheme extension for another 5 years: Kinetic Green CEO

"Certainly, a five-year long term consistent approach to the policy with a five-year demand scheme to take India from 5 per cent to 25 per cent, will be a great step for our nation," she said. ....

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Budget Announcements for EVs: Can Interim Budget get the 'fame' for EVs roaring?

FAME SCHEME In Budget: The Indian budget has a significant impact on the electric vehicle (EV) industry s growth trajectory. With the demand for EVs increasing, policies and support through budget allocations become pivotal for both the industry and consumers. Recent data indicates a soaring demand for EVs, with Tata Motors projecting substantial sales growth. However, challenges persist, including issues related to FAME schemes and the need for consistent policies and standards. The upcoming budget discussions will likely focus on sustaining incentives, funding extensions, and setting new frameworks for EV growth. ....

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Fame Scheme: India needs FAME III incentives for EV transition, says big auto, ET Auto

Currently one in four vehicles sold globally is electric but in India the adoption is less than 2% for passenger vehicles, less than 5% for two-wheelers and around 15% for three-wheelers, said Satyakam Arya, MD&CEO, Daimler India Commercial Vehicles. India, he said, needs a lot of support and incentives from the government to make the sustainable transition happen. “The FAME scheme will end in March 2024 but we are not over the trough in terms of EV adoption,” he said. ....

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Motown pitches for continuation of FAME scheme for electric vehicles

Amid uncertainty over the extension of the FAME scheme, the auto industry has once again emphasized the need for ongoing government support to ensure a successful transition to electric vehicles (EVs). During a panel discussion on sustainable mobility, industry leaders stressed that India requires significant incentives and support from the government. While major automakers advocate for assistance, entrepreneurs in the EV sector call for a policy shift, focusing on localization and support for small and medium-sized enterprises. ....

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Life without FAME: How costly will electric two-wheelers be sans subsidy?

The Indian government plans to extend the FAME scheme, promoting electric vehicle adoption. However, subsidies for electric two-wheelers may end, leading to a potential 17-20% price increase. Industry experts, like Dr. Anshul Gupta, foresee a challenging transition but anticipate declining costs over time due to increased production volumes. ....

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