The upcoming Union Budget 2024 in India might provide a significant boost to electric vehicles (EVs) through the anticipated FAME 3 (Faster Adoption and Manufacturing of Electric Vehicles) scheme. This initiative aims to enhance EV adoption by offering financial incentives, improving charging infrastructure, and encouraging local manufacturing. The scheme is expected to build on the successes of FAME 2, which has already spurred growth in the EV sector. By reducing dependency on fossil fuels and curbing pollution, FAME 3 could play a crucial role in India’s green transition and economic development.