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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?