Govt to Support Charging Infra to Expand Electric Vehicle Infrastructure: FM

New Delhi: In her budget speech, Union Finance Minister Nirmala Sitharaman highlighted the thrust of the government towards use of green energy in transportation. According to her, the government plans to expand and strengthen the EV ecosystem by supporting the manufacturing and charging infrastructure.

Presenting the Interim Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said that to promote green growth, a new scheme of bio-manufacturing will be launched.

“The government will expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure,” she said.

“Our government will adopt economic policies that will sustain growth and contribute in powering investment and fulfill aspirations,” she added.

India is making progress in building its EV charging infrastructure in order to phase out diesel vehicles. But at present, the ratio of EVs to charging stations is nearly 9:1, while the ideal ratio should be 4:1. Most of the public charging stations are currently available in tier 1 cities and some highways.

India is likely to have 10,000 public charging stations by the end of 2025. As per experts, in order to achieve a 30 per cent EV adoption rate, India must build more than 300,000 public charging stations by 2030.