According to a recent government report, more than 18.01 lakh electric vehicles (EVs) have been incentivized under India’s Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme as of March 12. This initiative aims to accelerate the adoption of EVs in the country and reduce carbon emissions.
The Minister of State for Heavy Industries, Bhupathiraju Srinivasa Varma, highlighted that the previous FAME-II scheme had incentivized 16.2 lakh EVs. Additionally, the government has approved the deployment of 13,800 electric buses in seven major cities as part of the PM E-DRIVE initiative, including Bengaluru, Delhi, Hyderabad, Mumbai, Ahmedabad, Pune, and Surat.
Furthermore, under the production-linked incentive (PLI) scheme for automobiles and auto components, 71 applicants have been granted approval, with financial incentives amounting to ₹39,081 crore already rolled out by the government.
Another notable statistic revealed that nearly half of the total 2.12 lakh DPIIT-recognized startups in India have at least one woman director or partner, indicating a positive trend towards gender diversity in the startup ecosystem.
Source: Inc42 Media