₹10,000-crore India EV policy seen as the spark the industry needs
- The second phase of FAME 2 scheme is expected to support more than 150,000 electric vehicles in the next three years
- The EV policy is seen as holistic, in a way that it lays emphasis on critical factors: lithium-ion batteries and charging stations
New Delhi: The announcement of the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-2) scheme on Thursday, with an outlay of ₹10,000 crore for a period of three years, has been welcomed by automakers that were waiting for a signal before committing huge investments in electric mobility.
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