On March 1 Fri : Phase 2 of (fame) faster adoption and manufacturing of electric vehicles aims to bring vehicle cost low that everyone can afford these electric vehicles and increase the number of electric vehicles on road. After several denies and extensions, now the cabinet approved fame ii policy and raise funds to promote the production of electric vehicles and its infrastructure, govt raised the funds of Rs 10000 crore for fame ii that will support 10 lakh two-wheelers and 5 lakh three-wheeler and 55000 four wheeler and 7000 buses.
The auto industry is so much thankful to the government after approval of fame 2.
Pawan Goenka, MD, Mahindra & Mahindra said “implementation of fame ii removes all the uncertainty and give a good growth to electric vehicles” society of manufacturers of electric vehicles is thankful for the government because govt raises fund for the manufacturing and infrastructure of electric vehicles and making new policies for the electric car manufacturer. The main aim of fame 2 is to produce commercial electric vehicles and three-wheelers in creating the necessary infrastructure and ecosystem. Government taking strong steps to produce commercial electric vehicles because most of the commercial vehicles run on diesel, they pollute the environment so much, by the introduction of electric vehicles we can control pollution of our environment.
This scheme also focuses on increasing the number of charging stations at least 2700 stations under this policy in metros with the availability of 3km x 3km grid.
Sameer Kalra, equity research analysts & founder target investing said, “this policy will give the benefit cab aggregators & delivery businesses because they have the largest fleet of passenger vehicles and supporting them will increase the number of electric vehicles on road.