Confederation of Indian Industry (CII) have pointed out that policies like FAME needs to be accompanied with methods such as domestic manufacturing of vehicles, batteries and components to increase mass adoption of electric vehicles by 2030.
Citing a study by the Centre, the chamber held India can save 64 per cent of anticipated road-based mobility-related energy demand and 37 per cent of carbon emissions in 2030 by pursuing a shared, electric, and connected mobility future.
Procedures like market creation and adoption, domestic manufacturing of vehicles, components and batteries, strategic sourcing of key raw material and skill development in India are needed to support policies like FAME to embrace mass adoption of electric vehicles by 2030, it believed.
This would result in a decrease of 156 million tonnes of oil equivalent in diesel and petrol consumption in 2030 and net saving of roughly USD 60 billion in 2030 at present oil prices.
This is also in line with India's vision of reducing oil imports by 10 per cent by 2022, the CII said.
With an eye on promoting electric and hybrid vehicles, the Union Cabinet freshly cleared a Rs 10,000-crore programme under the FAME-II scheme. The scheme is being implemented over a period of three years with effect from April 1, 2019.
It is the expanded version of the present scheme FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015, with a total outlay of Rs 895 crore.
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