FAME 3 scheme nears completion, timeline yet to be announced: Union Minister

FAME II’s incentives and subsidies have been pivotal in making electric vehicles (EVs) more accessible, with over 1.5 million units sold in FY24.

A recent CEEW-CEF study illustrates how policy incentives can effectively increase EV adoption and highlight the need for ongoing support to sustain this momentum. 

Building on FAME II, FAME III aims to enhance EV adoption and charging infrastructure. This will be critical for advancing India’s clean mobility transition and reaching its ambitious 2070 net-zero emissions goal.

Will FAME III only support EVs, or will it also cover other low-emission vehicles? Will heavy-duty vehicles be incentivised under FAME III?