This strategic initiative focuses on both manufacturing and charging infrastructure, aiming to fortify and broaden the landscape for electric vehicles.
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Electric Vehicle Ecosystem: In a transformative move towards sustainable transportation, Union Minister for Finance Nirmala Sitharaman announced an ambitious plan to bolster 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, 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.
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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.
Prime Minister Narendra Modi has adopted the vision of making the country carbon-neutral by 2070. Keeping this in mind, the government is committed to promoting clean and environment-friendly vehicles in the country. The Ministry of Heavy Industries and the Automobile Industry are ready to play their role in this direction.
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This proactive step reflects the government’s commitment to fostering a cleaner and greener future, with an emphasis on building a robust foundation for the sustainable growth of the electric vehicle industry.
