Centre approves Rs 10,900 crore PM e-Drive to push electric mobility

Quick Summary:

The scheme also aims to address a major concern of EV buyers by promoting the installation of electric vehicle public charging stations (EVPCS).

The PM E-DRIVE scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh e-three-wheelers, and 14,028 e-buses.

A sum of Rs 4,391 crore has also been provided for the procurement of 14,028 e-buses by state transport undertakings and public transport agencies.

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Category: BusinessFinance

Markets: India

Topics: Electric mobility Edrive Prime minister Narendra Modi Indian economy PM edrive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 21:58:35 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 880 words

Reading Time: 5 minutes read

Sentences: 42 lines

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Copyright Owner: © Business Standard

News ID: 22461520

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