I's FAME scheme and its extension - A real booster for electric vehicle industry

Abstract

The government of India's ambitious FAME I and then FAME II schemes had their impact on EV sales. Now recently FAME II has been further extended by another two years to March 31, 2024 from the earlier closure of March 31, 2022. Will the new revision and strong state support policies like the previous ones announced by Modi government and recently announced by the Gujarat government and Delhi government make the cost of owning a high-speed electric two-three-four wheeler at par or even cheaper compared with its IC engine counterpart. Now the question is "How far will this move of FAME II extension help in meeting SDG's ?"