Webinar

National Programs for Electrification of Transport: A Tale of Two Geographies

About this event

Electric vehicles (EVs) have been found to be the single most important technology for decarbonizing the transport sector. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) program is the Indian government’s flagship EV promotion policy, which seeks to encourage demand for EVs through purchase incentives for EV buyers. The second phase of the scheme (FAME II) concluded in March 2024 and media reports suggest a possible next phase of the scheme will be implemented soon.

The ICCT’s recent study offers insights into FAME II, including in terms of fund utilization, achievement of EV sales targets, and the overall status of EV uptake in the country. It further examines the impact of the purchase subsidies offered under the FAME II scheme on the cost dynamics of EVs. As policymakers weigh a possible third phase of the program, Sumati Kohli, Associate Researcher at ICCT, has developed policy considerations for future demand incentives and other government support, including the extension of subsidies to vehicle segments that are yet to be covered under the scheme.

It is also pertinent to note that the US is the third largest market for EVs globally, after China and Europe. New electric car registrations in the US were 1.4 million in 2023, rising by more than 40% compared to 2022. National-level demand incentive policies have played a crucial role in increasing the demand for EVs and propelling the country to be a global leader in EV sales. Dr.Aditya Ramji, Director, Global South Clean Transportation Centre, UC Davis joins us in this webinar to speak about The Inflation Reduction Act (IRA) of 2022 and how it became a landmark legislation in the United States. The act aimed at addressing climate change, reducing inflation, and bolstering the economy through investments in clean energy, accelerating the uptake of EV.

This webinar is being held as part of the India ZEV Alliance Initiative.

July 16, 2024
4:00 PM – 5:30 PM IST

Location: Virtual

Event Partners

 

Event Contact

Almas Naseem, Digital Communication Specialist
communications@theicct.org

Key discussion points

  • Insights into the Faster Adoption and Manufacturing of Electric Vehicles (FAME)II and impact of purchase subsidies on the cost dynamics of EVs
  • Opportunities to extend purchase incentives to segments not yet covered under the FAME II scheme
  • Policy considerations for the possible next phase of FAME
  • National-level demand incentive policies from India and US

Speakers

Amit Bhatt

Amit Bhatt

Managing Director, India
ICCT

Sumati Kohli

Sumati Kohli

Associate Researcher
ICCT

Vinkesh Gulati

Vinkesh Gulati

Chairman Research & Academy at Federation of Automobile Dealers Associations,
Automotive Skills Development Council – India

Mansha Sehgal

Mansha Sehgal

Transport Specialist,
The World Bank

Sumati Kohli

Sumati Kohli

Associate Researcher
ICCT

Mrityunjay Sharma

Mrityunjay Sharma

Consultant,
NITI Aayog (E-Mobility)