亚博体育官网首页

EV Makers Call for Stability in Incentives Before FAME III Rollout
ECONOMY & POLICY

EV Makers Call for Stability in Incentives Before FAME III Rollout

Electric vehicle (EV) manufacturers are advocating for stable and long-term incentives before the rollout of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Phase III. The call comes amid industry concerns over the continuity of subsidies and incentives crucial for promoting EV adoption and manufacturing in India.

The FAME scheme, initiated to accelerate the adoption of electric vehicles and reduce vehicular emissions, has been instrumental in incentivizing EV production and purchase. However, industry stakeholders emphasise the need for clarity and assurance on subsidy continuation beyond the current phases to sustain market confidence and investment.

Manufacturers argue that a stable policy environment with consistent incentives is essential for planning long-term investments in EV manufacturing infrastructure, research and development, and market expansion. They emphasise that any uncertainty in subsidy schemes could deter potential buyers and disrupt supply chain dynamics, impacting the growth trajectory of the EV sector.

Stakeholders within the EV ecosystem are urging the government to provide a clear roadmap for subsidies and incentives under FAME III, aligning with industry growth projections and technological advancements in electric mobility. This proactive approach aims to foster a conducive environment for innovation and investment in sustainable transportation solutions.

The EV industry's appeal underscores the importance of policy continuity and robust support mechanisms to achieve India's ambitious targets for electric mobility adoption. As the government prepares to launch FAME Phase III, stakeholders advocate for policy stability as a critical factor in realising the full potential of electric vehicles in addressing environmental challenges and enhancing energy security.

Electric vehicle (EV) manufacturers are advocating for stable and long-term incentives before the rollout of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Phase III. The call comes amid industry concerns over the continuity of subsidies and incentives crucial for promoting EV adoption and manufacturing in India. The FAME scheme, initiated to accelerate the adoption of electric vehicles and reduce vehicular emissions, has been instrumental in incentivizing EV production and purchase. However, industry stakeholders emphasise the need for clarity and assurance on subsidy continuation beyond the current phases to sustain market confidence and investment. Manufacturers argue that a stable policy environment with consistent incentives is essential for planning long-term investments in EV manufacturing infrastructure, research and development, and market expansion. They emphasise that any uncertainty in subsidy schemes could deter potential buyers and disrupt supply chain dynamics, impacting the growth trajectory of the EV sector. Stakeholders within the EV ecosystem are urging the government to provide a clear roadmap for subsidies and incentives under FAME III, aligning with industry growth projections and technological advancements in electric mobility. This proactive approach aims to foster a conducive environment for innovation and investment in sustainable transportation solutions. The EV industry's appeal underscores the importance of policy continuity and robust support mechanisms to achieve India's ambitious targets for electric mobility adoption. As the government prepares to launch FAME Phase III, stakeholders advocate for policy stability as a critical factor in realising the full potential of electric vehicles in addressing environmental challenges and enhancing energy security.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement