India has envisioned a clear road map for a major transformation to electric vehicles (EVs) by 2030. The government’s keenness to eliminate the pre-existing roadblocks by making swift policy changes for sustainable mobility is encouraging growth in the segment. Announced in March 2019, Faster Adoption and Manufacturing of Electric Vehicles in India II (FAME II) scheme not only provided the much-needed assistance to the EV sector but also instilled confidence in manufacturers to compete with the fossil-fuel based Internal Combustion Engine (ICE) counterparts that are comparatively cheaper and popular among buyers.
