The government is expected to finalize the third phase of its flagship electric mobility adoption scheme in a month or two, Union Heavy Industries Minister HD Kumaraswamy said on Wednesday.
According to Press Trust of India, the minister said that an interministerial group is working on the inputs received for the scheme and addressing the issues in the first two phases of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicle scheme, popularly known as FAME.
PTI added that FAME-3 will replace the temporary Electric Mobility Promotion Scheme 2024, which is set to expire in September.
The second phase of FAME was rolled out in 2019 with an initial outlay of ₹10,000 crore for three years. It was extended to March 2024 with an additional expenditure of ₹1,500 crore.
The initial target of the scheme was to support 10 lakh electric two-wheelers, 5 lakh electric three-wheelers, 55,000 passenger cars, and 7,000 electric buses.
“On FAME 3, several suggestions are coming because in FAME 1, FAME 2 whatever lacunae is there, how to separate it, for that we are working. Even the PMO…has given some suggestions, for that our inter-ministerial group is working,” said Kumaraswamy.
Asked about the timeline for FAME-3, the Minister said, “I think within one month, two months, it will be cleared.”
On whether FAME 3 proposal will be sent to the Union Cabinet seeking approval in a month or two, the minister said: “Several suggestions are coming even now, we have to adopt all those things, whatever is the best, positive way, we have to take those decisions.”
To a question on unsold inventory with automobile dealers and players, Kumaraswamy said, he has received several requests from the automobile industry.
“We are working on the best way to help them strengthen the industry,” he replied.
