Statsguru: New schemes to boost EV adoption, align with climate goals

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The number of EVs sold each year has seen an uptick, touching a high of 1.7 million units in FY24, but the pace of its growth has slowed down.

The schemes, PM Electric Drive Revolution in Innovation Vehicle Enhancement (PM E-DRIVE) and PM-eBus Sewa-Payment Security Mechanism (PSM) will replace existing EV subsidy schemes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Electric Vehicles Auto industry StatsGuru Auto sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-15 @ 23:12:10 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 100 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22517891

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 193 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #49

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