Government announces ambitious plan to strengthen the electric vehicle ecosystem

This strategic initiative focuses on both manufacturing and charging infrastructure, with the aim of strengthening and broadening the electric vehicle landscape.

Electric vehicle ecosystem: In a transformative step towards sustainable transport, Union Finance Minister Nirmala Sitharaman announced an ambitious plan to strengthen the electric vehicle (EV) ecosystem while presenting the Interim Budget 2024-25 in Parliament on Thursday. This strategic initiative focuses on both manufacturing and charging infrastructure, with the aim of strengthening and broadening the electric vehicle landscape.

With a special focus on improving public transport, the government plans to encourage the widespread adoption of electric buses. This will be facilitated by the implementation of a payment security mechanism, which will promote trust among e-bus operators. The initiative is expected to strengthen the public transport network and promote an environmentally friendly and energy-efficient way of commuting.

Prime Minister Narendra Modi has adopted the vision of making the country carbon neutral by 2070. With this in mind, the government is committed to promoting clean and eco-friendly vehicles in the country. The Ministry of Heavy Industry and Automobile Industry is willing to play their role in this direction.

This proactive step reflects the government's commitment to promoting a cleaner and greener future, with a focus on building a robust foundation for the sustainable growth of the electric vehicle industry.