India’s EV ambition rides on three wheels

News 01.06.2022

India’s push for electric vehicles (EVs) was renewed when phase-II of the Faster Adoption and Manufacturing of (Hybrid and) Electric (FAME) Vehicles scheme in India, with an outlay of ₹10,000 crore, was approved in 2019. This was significant since phase-I, launched in 2015, was approved with an outlay of ₹895 crore. India was doubling down on its EV ambitions, focusing on cultivating demand for EVs at home while also developing its own indigenous EV manufacturing industry which could cater to this demand. (Read More)

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