The controversy that has erupted in the electric vehicle (EV) industry, especially electric two-wheeler (E2W) makers, over alleged irregularities by manufacturers in accessing the second edition of the Faster Adoption of Manufacturing of (Hybrid and) Electrical Vehicles, or FAME II, highlights the problems associated with subsidy-promoted manufacturing. The rationale for two editions of the FAME subsidies was unexceptionable: To promote climate-change goals and reduce emission from vehicles with internal combustion engines (ICE). Both versions of FAME unquestionably put EVs on the Indian road map, with sales growing from 2,627 units in FY14 to about 1.18 million in FY23, the bulk
FAME and fortune
Controversy highlights hazards of subsidy-led manufacturing
 "electric vehicle")
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