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Government Approves $1.3 Billion Incentive Scheme for Electric Vehicles - Technology Shout
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Government Approves $1.3 Billion Incentive Scheme for Electric Vehicles - Technology Shout
The Indian Cabinet has approved a plan to spend Rs. 109 billion ($1.3 billion) to incentivize the adoption of electric vehicles to curb pollution and shift to cleaner fuels. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme will provide subsidy worth Rs. Investments in electric two-wheelers, electric three-wheelers, electric ambulances and electric trucks stand at $36.79 billion, Information Minister Ashwini …
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