What are the key features of the FAME-3 scheme and when is the government likely to clear it
The government is set to clear the FAME-3 scheme in the coming 1-2 months, according to the Heavy Industries Minister Kumaraswamy.
The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME) scheme is aimed at promoting electric mobility in the country. The key features of the FAME-3 scheme are:
- Incentives for electric vehicles (EVs): Subsidies offered to reduce the upfront cost of electric vehicles.
- Charging infrastructure: Encouragement for the development of electric vehicle charging stations.
- Battery swapping and swapping infrastructure: Support for battery swapping services to improve EV adoption.
- Research and development: Funding for research and development in the electric vehicle sector.
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8 months ago