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Parliamentary Panel Suggests Extending FAME Program for EVs by Two Years

The committee said EV prices would rise without government support

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A parliamentary committee has recommended extending the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program by two years beyond its current March 31, 2024, deadline. The panel added that it would allow more time to evaluate its effectiveness and make necessary adjustments to promote electric vehicles (EVs).

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