Industry welcomes Centre’s plans to augment electric vehicle ecosystem
The Hindu
The Indian government aims to expand and strengthen the electric vehicle ecosystem and charging infrastructure to achieve net zero emissions by 2070.
The Centre will focus on expanding and strengthening the electric vehicle ecosystem with supporting charging infrastructure in its move towards accelerating the net zero emission, said Union Finance Minister Nirmala Sitharaman.
“As India moves towards its net zero emission target by 2070, the Government will work towards expanding and strengthening the EV ecosystem as well as develop the charging infrastructure,” she said while delivering the Interim Union Budget 2024 on Thursday.
According to the Minister, the government will also push for greater adoption of electric public transport network buses with formal payment mechanism.
Mahesh Babu, CEO of Ashok Leyland’s electric vehicle arm Switch Mobility, said that it was heartening to note the Centre has accorded focus on the automotive sector with plans to enhance the EV ecosystem and charging infra manufacturing systems for green growth.
He also said it was commendable commitment by the Centre to achieve net zero for a sustainable economy.
Society on Indian Automobile Manufacturers president Vinod Aggarwal said the proposed announcement will boost the development and adoption of EVs in the country.
“The encouragement of payment security mechanism for adoption of e-buses for public transport networks is also a welcome step,” he said.
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