INTRODUCTION
India has been pursuing the goal of electric mobility for
several years, with the launch of the Faster Adoption and
Manufacturing of (Hybrid &) Electric Vehicles
("FAME") scheme in 2015. The scheme aims
to promote the adoption of electric vehicles
("EVs") and their components, reduce
vehicular emissions, and foster domestic manufacturing
capabilities. The scheme has been implemented in two phases, FAME-I
(2015-2019) and FAME-II (2019-2024), with varying degrees of
success and challenges.
As FAME-II is nearing its end, the Indian government
("GoI") is reportedly considering a
potential third phase of the scheme, FAME-III, to further boost the
EV industry in India. In this article, we will be outlining some
possible areas of improvement, opportunities and expectations from
FAME-III.
