Govt’s ambitious plan to bolster the electric vehicle (EV) ecosystem

In a transformative move towards sustainable transportation, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman while presenting the Interim Budget 2024-25 in Parliament announced an ambitious plan to bolster the electric vehicle (EV) ecosystem. This strategic initiative focuses on both manufacturing and charging infrastructure, aiming to fortify and broaden the landscape for electric vehicles. With a dedicated focus on enhancing public transportation, the government is set to encourage the widespread adoption of electric buses. This will be facilitated through the implementation of a payment security mechanism, fostering confidence among e-bus operators. The initiative is expected to invigorate the public transport network, promoting an eco-friendly and energy-efficient mode of commuting and make the country carbon neutral by 2070.