Finance Minister Nirmala Sitharaman presented the interim budget (Budget 2024) in Parliament on Thursday. Electric vehicle sector was also discussed in this. The Finance Minister said that the government will expand the Electric Vehicle (EV) network to promote charging infrastructure. Also, e-buses will be encouraged in the public transport network, that is, a large number of electric buses will become the means of public transport in the future.
According to media reports, Nirmala Sitharaman said in Parliament that serious work is being done on increasing the charging infrastructure of electric vehicles in the country. It is noteworthy that the main need of the EV sector is charging stations.
The Finance Minister said that in the upcoming financial year 2024-25, approval will be given to vendors for the installation and supply of EV charging points across the country.
Its biggest benefit will be to those people who are avoiding buying EV due to lack of charging stations. With the strengthening of charging infrastructure, EV sales in the country are expected to increase further. The Finance Minister also expressed hope that focusing on EV charging infrastructure will increase job opportunities. There will be a need for trained people in this sector which will emerge as a new employment option for the youth.
It is noteworthy that the Government of India has set a target of net zero emissions by the year 2070.
If we talk about recently launched EV car, Tata Punch.ev Was launched last month. Its ex-showroom price is Rs 10.99 lakh to Rs 13.29 lakh. Whereas the price of Punch.ev Long Range ranges from Rs 12.99 lakh to Rs 14.49 lakh.