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Is a controversial subsidy scheme setting India's EV dreams on fire?
Description
When a subsidy scheme for Faster Adoption and Manufacturing of Electric Vehicles (FAME) was rolled out in 2015, it aimed to subsidise production costs for EV makers and make EVs affordable for the masses. But in its second phase starting 2019, the scheme has become a magnet for controversies, sparking conflict in the EV world.
So in today’s episode for 2nd May 2023, we discuss the debate surrounding FAME II and see why it could be stalling India’s EV wagon.
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