India’s EV Industry has Just Started Shaping-up and is Still in the Nascent Stage

India’s EV Industry has Just Started Shaping-up and is Still in the Nascent Stage

India’s electric vehicle industry is growing at a rapid scale. In an effort to further bolster the industry, the central Ministry of Heavy Industries a couple of months back has increased the allocation of funds under Faster Adoption & Manufacturing of Electric Vehicles in India (FAME-II) scheme to Rs 11,500 crore, up from Rs 10,000 crore. Apart from that, the union government has also unleashed an additional Rs 500 crore subsidy scheme, dubbed Electric Mobility Promotion Scheme 2024 (EMPS 2024).

Nijhum Rudra Wed, 04/24/2024 - 10:36

[original story: Circuit Digest]

Circuit Digest 24 Apr 06:06