Government plans to extend FAME II scheme to FY25
Image Credit: cnbctv18
The Indian government is considering extending the second phase of the FAME (Faster Adoption and Manufacturing Electric Vehicles) scheme into the next fiscal year. This is an attempt to maintain growth in the electric vehicles (EV) market until the third edition is approved. Additional resources for the flagship program may be sought in the interim budget through a vote on account, as general elections are set for April-May next year.