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Budget 2023: Higher FAME II allocation, scrapping of old govt vehicles may spur EV sales

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Mobility Energy and Transportation

Budget 2023: higher fame ii allocation, scrapping of old govt vehicles may spur ev sales

01 Feb 2023

1 min read
Industry representatives said the allocation of adequate funding will create additional demand for small and medium commercial vehicles, thereby generating more job opportunities. “The scrappage policy will not only provide impetus to demand new vehicles, but it will also enable the creation of an ecosystem for the scrapping of vehicles,” said Suman Jagdev, Partner — Industrial Goods & Services, Praxis Global Alliance.

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Budget 2023: Higher FAME II allocation, scrapping of old govt vehicles may spur EV sales | PraxisGA