The Parliamentary Committee on electric vehicles (EVs) has advised the government to prolong the advantages of the FAME India Scheme by two more years.
The panel purports that failure to prolong the scheme will minimize the rate of EV adoption, as reported by the Times of India.
What Is ‘FAME’?
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FAME, which stands for the Faster Adoption and Manufacturing of Electric Vehicles in India Scheme was introduced by the Centre in 2011 as a segment of the National Mission on Electric Mobility. The incentive completes in March 2024.
“The elimination of government back will lead to the value hike of EVs vitally. The committee seeks that a big number of start-ups are also indulged into this field, which may have to close once the FAME II is closed.”
The committee on Estimates (2022-23) on ‘Evaluation of Electric Vehicle Policy’ concerning the ministry of heavy industries (MHI) said in its report that was shown in Lok Sabha on Friday.
The Suggestion Of The Committee
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The committee suggested that the government must carry on FAME- II scheme “to give more time to calculate the success of the scheme and to make important adjustments/ alterations to publicize EVs,” as per the report.
The report has also further mentioned that the committee also suggested that once the prolonged period of FAME-II is finished, a complete FAME III scheme must be launched on the experience acquired from FAME I and FAME II.
“The government should publicize other technologies as well as the EVs like flex-fuel vehicles, hydrogen ICE, hydrogen fuel cell vehicles and the high stress for mobility alteration,” as per the committee.
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The panel also suggested that a clear map of solar charging stations must be made to minimize the reliance on electricity produced by using coal, as a segment of the government’s green mobility objective, as highlighted by the report.
What Does The Report Highlights?
The report also highlights that the committee stated that buying subsidies and cash-incentives schemes for scrapping/exchanging petrol/diesel vehicles for electric vehicles can be acknowledged as it will result not only in to swifter adoption of electric vehicles but also have a big influence on managing CO2 emissions.
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The given points are not all that the report states as there were a lot of other useful suggestions that were taken care of.
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This adds the promotion of options to electric vehicles like flex-fuel and hydrogen fuel cell vehicles, the making of a more effective way to throw away or re-use old EV batteries, the requirement for making a nationwide public charging network, the further encouragement of taking off old petrol and diesel cars in exchange of EVs and the prolongation of the EV manufacturing associated PLI scheme till 2030.